Yatra Online (NASDAQ:YTRA) Share Price Passes Below 50-Day Moving Average – Here’s Why

Yatra Online, Inc. (NASDAQ:YTRA)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.90 and traded as low as $0.84. Yatra Online shares last traded at $0.8486, with a volume of 10,164 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Yatra Online in a research note on Wednesday, June 24th. Zacks Research raised Yatra Online from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Yatra Online presently has an average rating of “Reduce”.

Yatra Online Price Performance

The company has a quick ratio of 2.02, a current ratio of 2.23 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $52.86 million, a P/E ratio of -21.21 and a beta of 0.71. The company’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.11.

Institutional Investors Weigh In On Yatra Online

A number of large investors have recently bought and sold shares of YTRA. Simcoe Capital LLC acquired a new position in Yatra Online during the fourth quarter worth $4,604,000. Osaic Holdings Inc. lifted its position in shares of Yatra Online by 22,610.3% in the fourth quarter. Osaic Holdings Inc. now owns 177,140 shares of the technology company’s stock worth $315,000 after buying an additional 176,360 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Yatra Online by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company’s stock worth $93,000 after acquiring an additional 26,510 shares in the last quarter. XTX Topco Ltd acquired a new stake in Yatra Online in the 4th quarter worth approximately $79,000. Finally, Jane Street Group LLC acquired a new stake in Yatra Online in the 4th quarter worth approximately $60,000. 50.97% of the stock is currently owned by institutional investors.

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. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.