Tuniu Corp. (TOUR) Sees Unusually-High Trading Volume
Shares of Tuniu Corp. (NASDAQ:TOUR) saw strong trading volume on Thursday . 385,657 shares changed hands during trading, a decline of 20% from the previous session’s volume of 479,851 shares.The stock last traded at $9.60 and had previously closed at $9.32.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG initiated coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research raised shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 target price for the company in a report on Wednesday, June 29th. Finally, Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Tuniu Corp. currently has an average rating of “Hold” and an average target price of $14.06.
The company has a 50 day moving average of $8.61 and a 200 day moving average of $10.74. The company’s market cap is $902.57 million.
Tuniu Corp. (NASDAQ:TOUR) last posted its quarterly earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by $0.01. The business had revenue of $315.10 million for the quarter, compared to analyst estimates of $317.60 million. The company’s revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the company posted ($3.50) earnings per share. On average, equities analysts forecast that Tuniu Corp. will post ($15.05) earnings per share for the current year.
A hedge fund recently bought a new stake in Tuniu Corp. stock. First Trust Advisors LP purchased a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned approximately 0.09% of Tuniu Corp. as of its most recent SEC filing.
Tuniu Corporation is an online travel company. The Company offers a selection of packaged tours, including organized tours, self-guided tours and travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.
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