Tuniu Corp. (TOUR) Sees Large Volume Increase
Tuniu Corp. (NASDAQ:TOUR) saw unusually-strong trading volume on Monday . Approximately 337,418 shares traded hands during mid-day trading, an increase of 45% from the previous session’s volume of 232,333 shares.The stock last traded at $9.37 and had previously closed at $9.28.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 price target for the company in a research report on Wednesday, June 29th. Morgan Stanley cut shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Finally, Deutsche Bank AG assumed coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They issued a “buy” rating and a $11.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $14.06.
The firm’s market capitalization is $878.30 million. The firm has a 50 day moving average of $8.93 and a 200 day moving average of $9.86.
Tuniu Corp. (NASDAQ:TOUR) last issued its earnings results on Tuesday, May 24th. The company reported ($0.62) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by $0.01. The firm had revenue of $315.10 million for the quarter, compared to analyst estimates of $317.60 million. The firm’s revenue was up 62.8% on a year-over-year basis. During the same period last year, the business earned ($3.50) EPS. Equities analysts expect that Tuniu Corp. will post ($2.22) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Tuniu Corp. stock. First Trust Advisors LP acquired a new stake in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 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 filing with the SEC.
Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as 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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