Tuniu (NASDAQ:TOUR) Announces Quarterly Earnings Results

by · The Cerbat Gem

Tuniu (NASDAQ:TOUR – Get Free Report) announced its quarterly earnings results on Friday. The technology company reported $0.03 earnings per share for the quarter, Zacks reports. Tuniu had a net margin of 5.82% and a return on equity of 5.94%.

Tuniu Trading Up 3.1%

Shares of TOUR stock opened at $0.77 on Friday. The firm has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $0.85. The company has a market capitalization of $89.74 million, a PE ratio of 15.34 and a beta of 0.46. Tuniu has a twelve month low of $0.70 and a twelve month high of $1.17.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TOUR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Tuniu in a research note on Monday. Wall Street Zen upgraded Tuniu to a “hold” rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on TOUR

Tuniu declared that its board has approved a share repurchase program on Friday, August 15th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC lifted its holdings in shares of Tuniu Corporation (NASDAQ:TOUR – Free Report) by 123.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,781 shares of the technology company’s stock after acquiring an additional 57,358 shares during the quarter. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent filing with the SEC.

Tuniu Company Profile

(Get Free Report)

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

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