Tuniu (NASDAQ:TOUR) released its earnings results on Wednesday. The technology company reported ($0.15) earnings per share for the quarter, Morningstar.com reports. Tuniu had a negative return on equity of 22.38% and a negative net margin of 29.69%.
Tuniu (TOUR) traded down $0.44 during mid-day trading on Wednesday, hitting $7.29. 252,888 shares of the stock traded hands, compared to its average volume of 162,417. Tuniu has a 1 year low of $6.69 and a 1 year high of $9.88.
Separately, BidaskClub raised shares of Tuniu from a “strong sell” rating to a “sell” rating in a research report on Friday, February 23rd.
Tuniu announced that its board has approved a stock buyback plan on Friday, January 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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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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