Tuniu Corp. (TOUR) Sees Unusually-High Trading Volume
Tuniu Corp. (NASDAQ:TOUR) shares saw unusually-high trading volume on Tuesday . Approximately 359,434 shares changed hands during trading, a decline of 10% from the previous session’s volume of 399,948 shares.The stock last traded at $9.42 and had previously closed at $9.57.
TOUR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Tuniu Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Saturday. Deutsche Bank AG initiated coverage on Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.13.
The stock’s 50-day moving average is $9.09 and its 200 day moving average is $9.68. The company’s market cap is $886.70 million.
Tuniu Corp. (NASDAQ:TOUR) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by $0.26. During the same period last year, the business posted ($3.20) earnings per share. The company had revenue of $355.50 million for the quarter, compared to analysts’ expectations of $374.99 million. The company’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, equities analysts expect that Tuniu Corp. will post ($2.23) earnings per share for the current fiscal year.
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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