MakeMyTrip (NASDAQ:MMYT) Releases Quarterly Earnings Results

MakeMyTrip (NASDAQ:MMYT) issued its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10, RTT News reports. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. During the same quarter in the previous year, the business posted $0.18 earnings per share.

MakeMyTrip Trading Up 4.9 %

NASDAQ:MMYT traded up $4.84 during mid-day trading on Thursday, reaching $103.99. The company’s stock had a trading volume of 605,680 shares, compared to its average volume of 739,849. MakeMyTrip has a twelve month low of $36.81 and a twelve month high of $110.49. The company’s fifty day simple moving average is $99.08 and its two-hundred day simple moving average is $86.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77. The stock has a market cap of $11.42 billion, a P/E ratio of 62.27, a P/E/G ratio of 5.65 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MMYT. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Bank of America upped their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup lifted their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

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.