MakeMyTrip Ltd. (MMYT) Stock Price Down 3%
MakeMyTrip Ltd. (NASDAQ:MMYT) shares were down 3% during mid-day trading on Thursday . The company traded as low as $16.46 and last traded at $16.53, with a volume of 96,572 shares changing hands. The stock had previously closed at $17.04.
A number of research analysts recently issued reports on MMYT shares. Zacks Investment Research upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Nomura Holdings Inc. upgraded shares of MakeMyTrip from a “reduce” rating to a “neutral” rating and lowered their target price for the company from $14.50 to $14.00 in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.78.
The company’s market cap is $689.82 million. The stock has a 50 day moving average of $15.35 and a 200-day moving average of $17.20.
MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Wednesday, May 18th. The company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $0.32. The firm had revenue of $88 million for the quarter, compared to analyst estimates of $36.91 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. 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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