Tuniu Corp. (TOUR) Trading Down 3.6%
Tuniu Corp. (NASDAQ:TOUR)’s share price dropped 3.6% during trading on Wednesday . The stock traded as low as $9.12 and last traded at $9.16, with a volume of 139,135 shares changing hands. The stock had previously closed at $9.50.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Tuniu Corp. from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Saturday. Deutsche Bank AG assumed coverage on shares of Tuniu Corp. in a research note on Friday, May 20th. They issued a “buy” rating and a $11.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.13.
The firm’s market cap is $854.97 million. The stock has a 50-day moving average of $9.09 and a 200 day moving average of $9.68.
Tuniu Corp. (NASDAQ:TOUR) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by $0.26. The business had revenue of $355.50 million for the quarter, compared to analysts’ expectations of $374.99 million. During the same quarter in the previous year, the business earned ($3.20) earnings per share. Tuniu Corp.’s revenue for the quarter was up 55.8% on a year-over-year basis. 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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