Tuniu (TOUR) Board of Directors Initiates Stock Repurchase Program
Tuniu (NASDAQ:TOUR) declared that its Board of Directors has initiated a share repurchase program, which allows the company to buyback $100.00 million in shares on Friday, January 12th, EventVestor reports. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
Tuniu (NASDAQ TOUR) opened at $8.54 on Monday. The stock has a market capitalization of $1,080.69, a P/E ratio of -6.42 and a beta of 1.45. Tuniu has a one year low of $6.69 and a one year high of $9.88.
Tuniu (NASDAQ:TOUR) last issued its earnings results on Monday, November 27th. The technology company reported $0.04 earnings per share (EPS) for the quarter. Tuniu had a negative return on equity of 22.38% and a negative net margin of 29.69%.
A number of equities analysts have recently issued reports on TOUR shares. Credit Suisse Group started coverage on Tuniu in a research note on Tuesday, October 10th. They set an “outperform” rating and a $11.00 target price for the company. BidaskClub downgraded Tuniu from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th.
COPYRIGHT VIOLATION NOTICE: “Tuniu (TOUR) Board of Directors Initiates Stock Repurchase Program” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/tuniu-tour-board-of-directors-initiates-stock-repurchase-program/1807463.html.
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.
Receive News & Ratings for Tuniu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuniu and related companies with Analyst Ratings Network's FREE daily email newsletter.