Qunar Cayman Islands Ltd (QUNR) Sees Unusually-High Trading Volume
Qunar Cayman Islands Ltd (NASDAQ:QUNR) saw strong trading volume on Monday . 139,897 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 118,506 shares.The stock last traded at $29.84 and had previously closed at $29.79.
A number of equities research analysts recently issued reports on the company. Credit Agricole SA raised Qunar Cayman Islands from a “sell” rating to an “underperform” rating in a research note on Thursday, June 16th. Zacks Investment Research downgraded Qunar Cayman Islands from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. Finally, Morgan Stanley cut their price target on Qunar Cayman Islands from $40.00 to $33.00 and set an “equal weight” rating for the company in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Qunar Cayman Islands presently has a consensus rating of “Hold” and an average price target of $42.56.
The company has a 50 day moving average price of $29.71 and a 200-day moving average price of $34.71. The stock’s market capitalization is $4.30 billion.
Qunar Cayman Islands (NASDAQ:QUNR) last posted its quarterly earnings data on Wednesday, June 15th. The company reported ($1.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.51) by $1.38. Analysts predict that Qunar Cayman Islands Ltd will post ($0.68) earnings per share for the current year.
Other hedge funds have modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of Qunar Cayman Islands during the fourth quarter worth $24,524,000. BNP Paribas Arbitrage SA boosted its stake in shares of Qunar Cayman Islands by 129.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 82,489 shares of the company’s stock worth $4,350,000 after buying an additional 46,599 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Qunar Cayman Islands during the fourth quarter worth $1,471,000.
Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. The Company has developed Qunar Travel, its mobile application, which enables its users to search for and purchase travel products.
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