MakeMyTrip (NASDAQ:MMYT) Hits New 12-Month High at $58.60

MakeMyTrip Limited (NASDAQ:MMYTGet Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $58.60 and last traded at $58.60, with a volume of 123 shares traded. The stock had previously closed at $58.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th.

Get Our Latest Report on MakeMyTrip

MakeMyTrip Price Performance

The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 126.59 and a beta of 1.21. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $47.03 and its 200-day simple moving average is $41.22.

Institutional Trading of MakeMyTrip

A number of hedge funds have recently bought and sold shares of MMYT. Quarry LP increased its position in MakeMyTrip by 1,000.0% during the 1st quarter. Quarry LP now owns 1,210 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,100 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of MakeMyTrip by 20.8% in the 1st quarter. Belpointe Asset Management LLC now owns 2,416 shares of the technology company’s stock valued at $59,000 after acquiring an additional 416 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of MakeMyTrip by 449.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,780 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of MakeMyTrip by 89.1% during the 3rd quarter. Legal & General Group Plc now owns 3,683 shares of the technology company’s stock valued at $149,000 after acquiring an additional 1,735 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its position in MakeMyTrip by 12.3% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 8,077 shares of the technology company’s stock worth $198,000 after purchasing an additional 882 shares during the period. Institutional investors and hedge funds own 44.03% of the company’s stock.

About MakeMyTrip

(Get Free Report)

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.

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