Tuniu Corp. (TOUR) Trading Down 2.9%
Tuniu Corp. (NASDAQ:TOUR) dropped 2.9% during mid-day trading on Thursday . The stock traded as low as $8.65 and last traded at $8.74, with a volume of 186,618 shares traded. The stock had previously closed at $9.00.
TOUR has been the subject of several research reports. Zacks Investment Research raised 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 report on Wednesday, June 29th. Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Finally, Deutsche Bank AG initiated coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.06.
The firm’s 50-day moving average price is $8.79 and its 200-day moving average price is $10.06. The firm’s market capitalization is $837.23 million.
Tuniu Corp. (NASDAQ:TOUR) last announced its quarterly earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.01. The firm had revenue of $315.10 million for the quarter, compared to analysts’ expectations of $317.60 million. During the same quarter last year, the firm posted ($3.50) earnings per share. The company’s quarterly revenue was up 62.8% on a year-over-year basis. On average, analysts forecast that Tuniu Corp. will post ($2.23) EPS for the current year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP purchased a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned 0.09% of Tuniu Corp. at the end of the most recent reporting period.
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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