Makemytrip Limited Reaches New 12-Month High at $24.00 (MMYT)
Makemytrip Limited (NASDAQ:MMYT)’s share price reached a new 52-week high during trading hours on Thursday, Analyst Ratings.Net reports. The company traded as high as $24.00 and last traded at $23.20, with a volume of 30,145 shares traded. The stock had previously closed at $21.94.
MMYT has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Makemytrip Limited in a research note to investors on Tuesday, January 7th. They now have a $19.00 price target on the stock, up previously from $12.00. Analysts at Deutsche Bank raised their price target on shares of Makemytrip Limited from $13.00 to $15.00 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Makemytrip Limited has an average rating of “Hold” and a consensus price target of $16.00.
Makemytrip Limited has a 52-week low of $12.50 and a 52-week high of $23.47. The stock has a 50-day moving average of $20.07 and a 200-day moving average of $15.85. The company’s market cap is $946.2 million.
Makemytrip Limited (NASDAQ:MMYT) last announced its earnings results on Thursday, January 30th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.12. The company had revenue of $69.97 million for the quarter, compared to the consensus estimate of $63.83 million.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (NASDAQ:MMYT) Private Limited (MMT) India.
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