Tuniu (NASDAQ:TOUR) Announces Earnings Results

Tuniu (NASDAQ:TOUR) released its earnings results on Friday. The technology company reported $0.04 earnings per share for the quarter, Zacks reports. Tuniu had a return on equity of 4.41% and a net margin of 5.40%.The business had revenue of $19.23 million for the quarter.

Tuniu Trading Up 1.8%

Shares of Tuniu stock opened at $5.61 on Friday. The firm has a market cap of $61.27 million, a P/E ratio of 11.22 and a beta of 0.37. Tuniu has a 12 month low of $5.45 and a 12 month high of $10.10. The stock’s fifty day moving average price is $6.63 and its 200-day moving average price is $6.80.

Tuniu Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th were paid a dividend of $1.197 per share. The ex-dividend date was Monday, May 4th. This represents a dividend yield of 1,897.0%. Tuniu’s dividend payout ratio (DPR) is currently 234.00%.

Hedge Funds Weigh In On Tuniu

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Tuniu

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.