MakeMyTrip (NASDAQ:MMYT) Issues Earnings Results

MakeMyTrip (NASDAQ:MMYT) posted its quarterly earnings data on Thursday. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12), Zacks reports. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $109.44 on Friday. MakeMyTrip has a 52-week low of $47.37 and a 52-week high of $123.00. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 59.80, a PEG ratio of 5.55 and a beta of 1.29. The company has a fifty day simple moving average of $111.56 and a 200-day simple moving average of $102.16. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MMYT. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

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.