MakeMyTrip Limited (NASDAQ:MMYT – Free Report) shares rose 3.3% on Tuesday. The company traded as high as $84.14 and was last seen at $84.01. 18,319 shares traded hands during trading, a 98% decline from the average session volume of 764,546 shares. The stock had previously closed at $81.31.
Wall Street analysts predict growth
Separately, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Friday, May 24.
Check out our latest analysis on MakeMyTrip
MakeMyTrip Value for Money
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 5.54 and a beta of 1.28. The company’s 50-day simple moving average is $75.98 and its 200-day simple moving average is $63.56.
MakeMyTrip (NASDAQ:MMYT – Free Report) last released its quarterly earnings results on Wednesday, May 15. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. MakeMyTrip had a net margin of 27.70% and a return on equity of 10.66%. The company had revenue of $202.89 million for the quarter, compared to analyst expectations of $195.15 million. On average, research analysts forecast that MakeMyTrip Limited will report $1.31 earnings per share for the current year.
Hedge funds comment on MakeMyTrip
A number of institutional investors have recently changed their holdings in the company. Fisher Asset Management LLC increased its holdings in MakeMyTrip by 29.8% in the 4th quarter. Fisher Asset Management LLC now owns 94,606 shares of the technology company’s stock valued at $4,445,000 after acquiring an additional 21,733 shares in the last quarter. Jump Financial LLC acquired a new stake in MakeMyTrip in the 4th quarter valued at about $627,000. Axiom Investors LLC DE increased its stake in MakeMyTrip by 34.1% in the 4th quarter. Axiom Investors LLC DE now owns 340,048 shares of the technology company’s stock valued at $15,975,000 after acquiring an additional 86,558 shares in the last quarter. Raymond James & Associates acquired a new stake in MakeMyTrip in the 4th quarter valued at about $733,000. Finally, Segantii Capital Management Ltd acquired a new stake in MakeMyTrip during the 4th quarter valued at approximately $6,178,000. 51.89% of the shares are owned by institutional investors and hedge funds.
MakeMyTrip Company Profile
(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: Airline Tickets, Hotels & Tour Packages and Bus Tickets.
Further information
Get daily news and reviews for MakeMyTrip – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MakeMyTrip and related companies with MarketBeat.com’s FREE daily email newsletter.
