Tuniu Corp. (TOUR) Sees Strong Trading Volume
Tuniu Corp. (NASDAQ:TOUR) shares saw an uptick in trading volume on Thursday . 385,657 shares were traded 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 research firms have recently commented on TOUR. Zacks Investment Research upgraded shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Wednesday, June 29th. Deutsche Bank AG began coverage on shares of Tuniu Corp. in a research note on Friday, May 20th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $18.00 to $14.00 in a research note on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.06.
The stock’s market capitalization is $873.63 million. The stock’s 50 day moving average is $8.64 and its 200 day moving average is $10.69.
Tuniu Corp. (NASDAQ:TOUR) last released its earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by $0.01. The company had revenue of $315.10 million for the quarter, compared to analyst estimates of $317.60 million. During the same quarter last year, the firm posted ($3.50) EPS. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. Analysts predict that Tuniu Corp. will post ($15.05) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP bought a new stake in shares of Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned 0.09% of Tuniu Corp. as of its most recent filing with the SEC.
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.