MakeMyTrip (NASDAQ:MMYT) Reaches New 1-Year Low – Should You Sell?

Shares of MakeMyTrip Limited (NASDAQ:MMYT) reached a new 52-week low during trading on Monday . The company traded as low as $69.89 and last traded at $69.96, with a volume of 265484 shares. The stock had previously closed at $73.69.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MMYT shares. Weiss Ratings started coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating on the stock. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

MakeMyTrip Trading Up 6.2%

The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.91 and a current ratio of 1.91. The business has a fifty day simple moving average of $81.10 and a 200 day simple moving average of $91.80. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 118.97 and a beta of 0.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new stake in MakeMyTrip during the third quarter valued at about $231,000. Advisory Services Network LLC purchased a new stake in MakeMyTrip during the third quarter worth approximately $124,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of MakeMyTrip in the third quarter worth $281,000. XTX Topco Ltd purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at $1,313,000. Finally, Voleon Capital Management LP acquired a new position in shares of MakeMyTrip during the 3rd quarter valued at $421,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Company Profile

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.