MakeMyTrip (NASDAQ:MMYT) Stock Rating Upgraded by StockNews.com
MakeMyTrip (NASDAQ:MMYT – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.
Separately, TheStreet upgraded shares of MakeMyTrip from a “c” rating to a “b” rating in a research report on Friday, August 18th.
Read Our Latest Report on MMYT
MakeMyTrip Stock Performance
Shares of NASDAQ MMYT traded down $0.47 during trading on Friday, reaching $44.39. 814,748 shares of the company traded hands, compared to its average volume of 451,925. MakeMyTrip has a 12-month low of $22.50 and a 12-month high of $46.04. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.71 billion, a P/E ratio of 184.96 and a beta of 1.15. The firm’s fifty day simple moving average is $40.98 and its 200 day simple moving average is $35.32.
MakeMyTrip (NASDAQ:MMYT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. MakeMyTrip had a net margin of 3.84% and a return on equity of 6.87%. The business had revenue of $168.69 million for the quarter, compared to analysts’ expectations of $166.35 million. As a group, research analysts anticipate that MakeMyTrip will post 0.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On MakeMyTrip
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of MakeMyTrip by 10.0% in the first quarter. Sei Investments Co. now owns 14,511 shares of the technology company’s stock valued at $402,000 after purchasing an additional 1,325 shares during the period. Allianz Asset Management GmbH boosted its holdings in MakeMyTrip by 1.8% in the 1st quarter. Allianz Asset Management GmbH now owns 192,077 shares of the technology company’s stock worth $5,153,000 after buying an additional 3,454 shares during the last quarter. Northern Trust Corp acquired a new position in shares of MakeMyTrip during the first quarter valued at approximately $624,000. Renaissance Technologies LLC purchased a new position in shares of MakeMyTrip in the first quarter valued at approximately $360,000. Finally, UBS Group AG boosted its stake in shares of MakeMyTrip by 709.2% in the first quarter. UBS Group AG now owns 71,754 shares of the technology company’s stock worth $1,926,000 after acquiring an additional 62,887 shares during the last quarter. Hedge funds and other institutional investors own 44.03% of the company’s stock.
About MakeMyTrip (Get Free Report)
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider MakeMyTrip, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MakeMyTrip wasn’t on the list.
While MakeMyTrip currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.
Original: MarketBeat News Feed: MakeMyTrip (NASDAQ:MMYT) Stock Rating Upgraded by StockNews.com