Tuniu Corp. (TOUR) Shares Up 2.1%
Tuniu Corp. (NASDAQ:TOUR) shares shot up 2.1% on Tuesday . The stock traded as high as $9.63 and last traded at $9.61, with a volume of 190,455 shares traded. The stock had previously closed at $9.41.
Several research firms have weighed in on TOUR. Zacks Investment Research downgraded shares of Tuniu Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG began coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.06.
The stock’s market capitalization is $912.84 million. The stock has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.84.
Tuniu Corp. (NASDAQ:TOUR) last issued its quarterly earnings data 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. The firm’s revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($3.50) earnings per share. Equities analysts anticipate that Tuniu Corp. will post ($2.22) EPS for the current year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP bought a new stake in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned about 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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