Tuniu (NASDAQ:TOUR) Announces Earnings Results

Tuniu (NASDAQ:TOUR) issued its earnings results on Wednesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Tuniu had a return on equity of 4.57% and a net margin of 6.09%.The firm had revenue of $20.45 million for the quarter.

Tuniu Stock Up 1.2%

Shares of TOUR opened at $4.96 on Tuesday. The business’s 50-day moving average price is $4.95 and its 200-day moving average price is $5.97. Tuniu has a twelve month low of $4.53 and a twelve month high of $9.85. The stock has a market cap of $54.16 million, a PE ratio of 8.13 and a beta of 0.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tuniu stock. Jane Street Group LLC bought a new position in shares of Tuniu Corporation (NASDAQ:TOUR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tuniu in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Tuniu Company Profile

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.