Yatra Online (NASDAQ:YTRA) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Yatra Online, Inc. (NASDAQ:YTRA)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.09 and traded as low as $0.99. Yatra Online shares last traded at $1.02, with a volume of 7,258 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Yatra Online from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Yatra Online presently has an average rating of “Hold” and an average price target of $3.00.

Yatra Online Stock Up 3.0%

The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.45. The firm has a market cap of $63.54 million, a P/E ratio of -51.00 and a beta of 0.81.

Hedge Funds Weigh In On Yatra Online

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Yatra Online during the 3rd quarter worth $25,000. Quadrature Capital Ltd bought a new position in shares of Yatra Online during the 4th quarter worth $36,000. Corsair Capital Management L.P. bought a new position in shares of Yatra Online during the 4th quarter worth $36,000. Jane Street Group LLC bought a new position in shares of Yatra Online during the 4th quarter worth $60,000. Finally, XTX Topco Ltd bought a new position in shares of Yatra Online during the 4th quarter worth $79,000. 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.