MakeMyTrip (NASDAQ:MMYT) Hits New 12-Month Low – Should You Sell?

Shares of MakeMyTrip Limited (NASDAQ:MMYT) reached a new 52-week low during trading on Wednesday . The company traded as low as $70.93 and last traded at $70.8540, with a volume of 396228 shares. The stock had previously closed at $72.81.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MMYT. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings began coverage on MakeMyTrip in a report on Thursday, October 30th. They set a “hold (c)” rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, MakeMyTrip has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

MakeMyTrip Stock Performance

The company has a 50 day moving average of $86.47 and a two-hundred day moving average of $94.16. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $7.86 billion, a PE ratio of 110.43 and a beta of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MMYT. WPG Advisers LLC purchased a new stake in MakeMyTrip in the first quarter worth about $28,000. Twin Tree Management LP bought a new stake in shares of MakeMyTrip in the 1st quarter worth approximately $29,000. Parallel Advisors LLC grew its stake in shares of MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares during the last quarter. First Horizon Advisors Inc. bought a new position in MakeMyTrip during the 2nd quarter valued at approximately $43,000. Finally, Stone House Investment Management LLC purchased a new position in MakeMyTrip during the first quarter valued at $49,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

About MakeMyTrip

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.