2 weeks Ago By ABMN Staff
Shares of MakeMyTrip Limited ( NASDAQ:MMYT – Get Free Report ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $98.23 and traded as high as $117.
06. MakeMyTrip shares last traded at $114.17, with a volume of 173,066 shares traded.
Analyst Upgrades and Downgrades MMYT has been the subject of several research analyst reports. Bank of America raised their target price on MakeMyTrip from $112.00 to $119.
00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.
Read Our Latest Analysis on MakeMyTrip MakeMyTrip Stock Down 1.3 % MakeMyTrip ( NASDAQ:MMYT – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.
36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10.
The company had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million.
MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%.
During the same quarter last year, the firm posted $0.18 EPS. Analysts forecast that MakeMyTrip Limited will post 1.
29 EPS for the current year. Institutional Trading of MakeMyTrip Hedge funds and other institutional investors have recently modified their holdings of the business. Park Place Capital Corp purchased a new position in MakeMyTrip in the 3rd quarter valued at approximately $25,000.
Advisors Asset Management Inc. raised its stake in shares of MakeMyTrip by 100.9% during the 3rd quarter.
Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after purchasing an additional 225 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in MakeMyTrip by 44.
1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after purchasing an additional 236 shares in the last quarter. nVerses Capital LLC purchased a new position in MakeMyTrip during the 2nd quarter valued at about $143,000.
Finally, D Orazio & Associates Inc. purchased a new stake in shares of MakeMyTrip in the third quarter worth about $210,000. Institutional investors own 51.
89% 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.
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