Yatra Online (NASDAQ:YTRA) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Yatra Online, Inc. (NASDAQ:YTRA) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.90 and traded as low as $0.90. Yatra Online shares last traded at $0.9805, with a volume of 37,516 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yatra Online in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Yatra Online Stock Down 0.2%

The firm has a market capitalization of $62.74 million, a PE ratio of -24.51 and a beta of 0.73. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $0.90 and a two-hundred day moving average of $1.03.

Yatra Online (NASDAQ:YTRA) last posted its quarterly earnings results on Wednesday, August 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $19.80 million during the quarter. Yatra Online had a negative return on equity of 2.32% and a negative net margin of 1.88%.

Institutional Trading of Yatra Online

A number of institutional investors have recently modified their holdings of YTRA. Virtu Financial LLC acquired a new stake in Yatra Online during the 3rd quarter worth approximately $25,000. Corsair Capital Management L.P. purchased a new position in Yatra Online in the fourth quarter valued at approximately $36,000. Quadrature Capital Ltd acquired a new position in Yatra Online during the fourth quarter valued at approximately $36,000. Jane Street Group LLC acquired a new position in Yatra Online during the fourth quarter valued at approximately $60,000. Finally, XTX Topco Ltd purchased a new stake in Yatra Online during the fourth quarter worth approximately $79,000. Hedge funds and other institutional investors own 50.97% of the company’s stock.

About Yatra Online

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.