Yatra Online (NASDAQ:YTRA) Share Price Passes Below Fifty Day Moving Average - Here's Why

Key Points

• Yatra Online shares fell below their 50-day moving average of $0.90, trading as low as $0.90 before last changing hands at $0.9805. The stock’s 200-day moving average is higher at $1.03.
• Analyst sentiment remains weak: Weiss Ratings reiterated a “sell (e+)” rating, while the overall consensus from two analysts is “Reduce,” split between Hold and Sell ratings.
• The company reported quarterly revenue of $19.80 million and earnings of $0.01 per share, but continues to show a negative net margin and return on equity. Institutional investors own approximately 50.97% of Yatra Online’s stock.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.90 and traded as low as $0.90. Yatra Online shares last traded at $0.9805, with a volume of 37,516 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Yatra Online in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce".

Yatra Online Trading Down 0.2%

The business's fifty day moving average price is $0.90 and its 200 day moving average price is $1.03. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $62.74 million, a PE ratio of -24.51 and a beta of 0.73.

Yatra Online (NASDAQ:YTRA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter. Yatra Online had a negative net margin of 1.88% and a negative return on equity of 2.32%. The business had revenue of $19.80 million for the quarter.

Institutional Investors Weigh In On Yatra Online

Several hedge funds have recently made changes to their positions in YTRA. Altai Capital Management L.P. purchased a new stake in shares of Yatra Online in the second quarter valued at $3,065,000. XTX Topco Ltd acquired a new stake in Yatra Online in the 4th quarter worth about $79,000. Quadrature Capital Ltd acquired a new stake in Yatra Online in the 4th quarter worth about $36,000. Osaic Holdings Inc. grew its holdings in Yatra Online by 22,610.3% in the 4th quarter. Osaic Holdings Inc. now owns 177,140 shares of the technology company's stock valued at $315,000 after buying an additional 176,360 shares during the period. Finally, Corsair Capital Management L.P. purchased a new stake in Yatra Online in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 50.97% of the company's stock.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.

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