Yatra Online (NASDAQ:YTRA) Share Price Passes Below 50-Day Moving Average – What’s Next?

Yatra Online, Inc. (NASDAQ:YTRA) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.13 and traded as low as $0.89. Yatra Online shares last traded at $0.90, with a volume of 219,979 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their price objective on Yatra Online from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Yatra Online Stock Down 3.9 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $54.59 million, a PE ratio of 99.45 and a beta of 1.30. The business has a 50 day moving average of $1.12 and a two-hundred day moving average of $1.36.

Yatra Online (NASDAQ:YTRA) last announced its earnings results on Tuesday, February 11th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Yatra Online had a negative net margin of 0.46% and a positive return on equity of 0.27%. Analysts predict that Yatra Online, Inc. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yatra Online stock. Millennium Management LLC bought a new stake in shares of Yatra Online, Inc. (NASDAQ:YTRA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,639 shares of the technology company’s stock, valued at approximately $25,000. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Yatra Online Company Profile

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.