Tuniu Corporation (TOUR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Tuniu Corporation (NASDAQ:TOUR) from a sell rating to a hold rating in a research report released on Wednesday, August 9th.

Shares of Tuniu Corporation (NASDAQ:TOUR) traded down 3.67% during mid-day trading on Wednesday, hitting $6.83. 579,543 shares of the stock traded hands. The company’s market cap is $637.49 million. Tuniu Corporation has a 52 week low of $6.73 and a 52 week high of $10.75. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $8.27.

Tuniu Corporation (NASDAQ:TOUR) last released its earnings results on Wednesday, August 16th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.25). Tuniu Corporation had a negative net margin of 23.64% and a negative return on equity of 32.87%. The company had revenue of $460.10 million during the quarter, compared to the consensus estimate of $455.05 million. During the same quarter in the prior year, the firm earned ($6.06) EPS. The company’s revenue was up 51.9% compared to the same quarter last year. Analysts anticipate that Tuniu Corporation will post ($0.77) EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in TOUR. Morgan Stanley increased its stake in Tuniu Corporation by 57.3% in the first quarter. Morgan Stanley now owns 1,650,469 shares of the technology company’s stock worth $14,458,000 after buying an additional 601,046 shares during the last quarter. Yiheng Capital LLC increased its stake in Tuniu Corporation by 22.9% in the second quarter. Yiheng Capital LLC now owns 1,178,365 shares of the technology company’s stock worth $9,462,000 after buying an additional 219,323 shares during the last quarter. Laurion Capital Management LP bought a new stake in Tuniu Corporation during the second quarter worth about $2,023,000. State Street Corp increased its stake in Tuniu Corporation by 1.9% in the second quarter. State Street Corp now owns 123,549 shares of the technology company’s stock worth $993,000 after buying an additional 2,306 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in Tuniu Corporation during the second quarter worth about $802,000.

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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