Tuniu (NASDAQ:TOUR) publishes its results
Tuniu (NASDAQ:TOUR – Get Rating) released its results on Thursday. The technology company reported ($0.05) EPS for the quarter, reports. Tuniu had a negative net margin of 31.54% and a negative return on equity of 8.35%. The company had revenue of $6.54 million in the quarter. Tuniu has updated its forecast for Q2 2022 to EPS.
NASDAQ:TURN was steady at $0.56 in Friday’s midday session. The company had a trading volume of 146,848 shares, compared to an average volume of 124,355. The stock has a market capitalization of $72.91 million, a P/E ratio of -3.75 and a beta of 2. ,15. The company has a quick ratio of 1.51, a current ratio of 1.51 and a leverage ratio of 0.01. The company’s 50-day simple moving average is $0.64 and its 200-day simple moving average is $0.91. Tuniu has a 52-week low of $0.46 and a 52-week high of $3.07.
Several hedge funds have recently increased or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in Tuniu in the fourth quarter valued at approximately $1,403,000. Virtu Financial LLC acquired a new stake in Tuniu in Q4 worth approximately $43,000. Renaissance Technologies LLC increased its stake in Tuniu by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company worth $659,000 after acquiring 196,523 additional shares in the last quarter. Bank of America Corp DE bought a new equity stake in Tuniu in the fourth quarter worth $485,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Tuniu in Q3 valued at approximately $115,000. Institutional investors hold 8.91% of the company’s shares.
Separately, StockNews.com assumed coverage of Tuniu in a research report on Thursday. They issued a “holding” rating on the stock.
Tuniu company profile (Get an assessment)
Tuniu Corporation is an online leisure travel company in China. The company offers various organized 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 reservation services, and air ticketing , train and bus for leisure travellers.
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