MakeMyTrip Stock Falls On Unusually High Volume (MMYT)

NEW YORK ( TheStreet) -- MakeMyTrip (Nasdaq: MMYT) is trading at unusually high volume Friday with 432,590 shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.53 (-5.1%) at $28.42 as of 12:41 p.m. ET.

MakeMyTrip has a market cap of $1.1 billion and is part of the services sector and leisure industry. Shares are up 10.8% year to date as of the close of trading on Thursday.

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and the United States. The company has a P/E ratio of 238.1, below the average leisure industry P/E ratio of 309.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MakeMyTrip as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full MakeMyTrip Ratings Report.

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