Yatra Online (NASDAQ:YTRA) Issues Earnings Results

Yatra Online (NASDAQ:YTRA) released its quarterly earnings results on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $18.96 million during the quarter. Yatra Online had a negative net margin of 1.88% and a negative return on equity of 2.32%.

Yatra Online Price Performance

YTRA traded up $0.04 during midday trading on Friday, hitting $0.81. 4,419 shares of the company traded hands, compared to its average volume of 64,489. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.02. Yatra Online has a 52-week low of $0.72 and a 52-week high of $1.97. The company has a market capitalization of $52.15 million, a price-to-earnings ratio of -20.40 and a beta of 0.79. The business has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $1.01.

Hedge Funds Weigh In On Yatra Online

An institutional investor recently bought a new position in Yatra Online stock. Altai Capital Management L.P. acquired a new stake in Yatra Online, Inc. (NASDAQ:YTRA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,252,708 shares of the technology company’s stock, valued at approximately $3,065,000. Yatra Online comprises about 6.2% of Altai Capital Management L.P.’s portfolio, making the stock its 4th largest position. Altai Capital Management L.P. owned approximately 5.08% of Yatra Online at the end of the most recent quarter. 50.97% of the stock is owned by hedge funds and other institutional investors.

About Yatra Online

Yatra Online, Inc. is an India-focused online travel company that operates the Yatra platform. Through its website and mobile application, the company enables customers to research, compare and book air tickets, hotels, holiday packages, buses, trains, activities and other travel-related services. The company serves individual travelers as well as corporate customers. Its corporate travel offering, Yatra for Business, provides travel booking and management services for organizations, while its consumer platform offers travel products in India and access to international destinations through airline, hotel and other travel suppliers.