Tuniu (NASDAQ:TOUR) Posts Quarterly Earnings Results

Tuniu (NASDAQ:TOUR) released its earnings results on Friday. The technology company reported $0.03 EPS for the quarter, Zacks reports. Tuniu had a return on equity of 5.94% and a net margin of 5.82%.

Tuniu Price Performance

Shares of TOUR opened at $0.77 on Friday. Tuniu has a 12 month low of $0.70 and a 12 month high of $1.17. The stock has a fifty day moving average price of $0.82 and a 200 day moving average price of $0.85. The company has a market cap of $89.74 million, a P/E ratio of 15.34 and a beta of 0.46.

Institutional Trading of Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC boosted its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the quarter. Acadian Asset Management LLC owned about 0.09% of Tuniu worth $112,000 at the end of the most recent quarter.

Tuniu declared that its Board of Directors has approved a share buyback program on Friday, August 15th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

TOUR has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Tuniu to a “hold” rating in a research note on Saturday, August 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Tuniu in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Tuniu

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.