Tuniu Corp (TOUR) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Tuniu Corp (NASDAQ:TOUR) posted its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14, AnalystRatingsNetwork reports.
Tuniu Corp (NASDAQ:TOUR) opened at 23.14 on Tuesday. Tuniu Corp has a one year low of $8.52 and a one year high of $24.99. The stock has a 50-day moving average of $18.88 and a 200-day moving average of $16.94. The company’s market cap is $825.4 million. Tuniu Corp also was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,430,258 shares, a growth of 99.1% from the July 15th total of 718,513 shares. Currently, 13.3% of the company’s shares are short sold. Based on an average daily volume of 662,901 shares, the days-to-cover ratio is currently 2.2 days.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Tuniu Corp in a research note on Wednesday, June 18th. They set an “equal weight” rating and a $19.50 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of Tuniu Corp in a research note on Thursday, June 12th. They set a “market perform” rating on the stock.
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.
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