Tuniu (NASDAQ:TOUR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.
Tuniu (NASDAQ:TOUR) opened at $7.73 on Friday. The company has a market cap of $973.13, a P/E ratio of -5.81 and a beta of 1.45. Tuniu has a 12 month low of $6.69 and a 12 month high of $9.88.
Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Monday, November 27th. The technology company reported $0.04 EPS for the quarter. The company had revenue of $121.16 million during the quarter. Tuniu had a negative net margin of 3.35% and a negative return on equity of 3.10%.
Tuniu declared that its Board of Directors has approved a stock repurchase plan on Friday, January 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
A number of large investors have recently modified their holdings of TOUR. Nine Chapters Capital Management LLC purchased a new position in Tuniu during the third quarter valued at approximately $129,000. PEAK6 Investments L.P. purchased a new position in Tuniu during the third quarter valued at approximately $156,000. Virtu Financial LLC grew its stake in Tuniu by 137.0% during the fourth quarter. Virtu Financial LLC now owns 29,164 shares of the technology company’s stock valued at $224,000 after acquiring an additional 16,857 shares in the last quarter. Susquehanna International Group LLP grew its stake in Tuniu by 205.4% during the third quarter. Susquehanna International Group LLP now owns 29,934 shares of the technology company’s stock valued at $234,000 after acquiring an additional 58,334 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in Tuniu by 113.5% during the third quarter. Trexquant Investment LP now owns 30,008 shares of the technology company’s stock valued at $235,000 after acquiring an additional 15,954 shares in the last quarter.
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Tuniu Company Profile
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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