Tuniu Corporation (TOUR) Sees Strong Trading Volume
Shares of Tuniu Corporation (NASDAQ:TOUR) saw strong trading volume on Thursday . 730,412 shares were traded during trading, an increase of 267% from the previous session’s volume of 198,827 shares.The stock last traded at $8.09 and had previously closed at $7.87.
Separately, BidaskClub downgraded shares of Tuniu Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th.
The company has a 50-day moving average of $7.62 and a 200-day moving average of $8.06. The firm’s market capitalization is $755.10 million.
Tuniu Corporation (NASDAQ:TOUR) last released its quarterly earnings data on Wednesday, August 16th. The technology company reported ($0.25) earnings per share for the quarter, meeting the consensus estimate of ($0.25). Tuniu Corporation had a negative net margin of 23.64% and a negative return on equity of 34.20%. The firm had revenue of $460.10 million during the quarter, compared to analysts’ expectations of $455.05 million. During the same period in the previous year, the company earned ($6.06) earnings per share. The firm’s quarterly revenue was up 51.9% on a year-over-year basis. On average, analysts predict that Tuniu Corporation will post ($0.76) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Stevens Capital Management LP increased its holdings in Tuniu Corporation by 1.3% during the second quarter. Stevens Capital Management LP now owns 14,559 shares of the technology company’s stock valued at $117,000 after buying an additional 183 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Tuniu Corporation by 1.5% during the first quarter. Pinnacle Associates Ltd. now owns 24,900 shares of the technology company’s stock valued at $218,000 after buying an additional 358 shares during the last quarter. Trexquant Investment LP increased its holdings in Tuniu Corporation by 5.0% during the second quarter. Trexquant Investment LP now owns 14,054 shares of the technology company’s stock valued at $113,000 after buying an additional 673 shares during the last quarter. State Street Corp increased its holdings in Tuniu Corporation by 1.9% during the second quarter. State Street Corp now owns 123,549 shares of the technology company’s stock valued at $993,000 after buying an additional 2,306 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Tuniu Corporation by 40.7% during the second quarter. Profund Advisors LLC now owns 16,748 shares of the technology company’s stock valued at $134,000 after buying an additional 4,848 shares during the last quarter.
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About Tuniu Corporation
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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