MakeMyTrip Ltd. (MMYT) Trading 3.5% Higher
MakeMyTrip Ltd. (NASDAQ:MMYT) traded up 3.5% on Monday . The company traded as high as $16.25 and last traded at $16.19, with a volume of 85,242 shares changing hands. The stock had previously closed at $15.64.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. Nomura Holdings Inc. raised shares of MakeMyTrip from a “reduce” rating to a “neutral” rating and reduced their target price for the company from $14.50 to $14.00 in a research note on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. MakeMyTrip presently has an average rating of “Hold” and a consensus target price of $15.78.
The stock’s 50-day moving average price is $14.93 and its 200-day moving average price is $17.22. The stock’s market capitalization is $712.76 million.
MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, May 18th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by $0.32. During the same period in the previous year, the business posted ($0.04) earnings per share. The business had revenue of $88 million for the quarter, compared to analysts’ expectations of $36.91 million. MakeMyTrip’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities research analysts predict that MakeMyTrip Ltd. will post ($2.35) earnings per share for the current fiscal year.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries’ websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents’ network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas.
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