Tuniu (NASDAQ:TOUR) Releases Quarterly Earnings Results

Tuniu (NASDAQ:TOUR – Get Rating) posted its quarterly earnings results on Thursday. The technology company reported ($0.05) EPS for the quarter, reports. The company had revenue of $6.54 million for the quarter. Tuniu had a negative return on equity of 8.35% and a negative net margin of 31.54%. Tuniu updated its Q2 2022 guidance to EPS.

Shares of NASDAQ:TOUR remained flat at $$0.56 during midday trading on Friday. The company had a trading volume of 146,848 shares, compared to its average volume of 124,355. The stock has a fifty day moving average price of $0.64 and a 200 day moving average price of $0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $72.91 million, a PE ratio of -3.75 and a beta of 2.15. Tuniu has a 1 year low of $0.46 and a 1 year high of $3.07.

Separately, StockNews.com assumed coverage on Tuniu in a research report on Thursday. They set a “hold” rating for the company.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TOUR. Virtu Financial LLC acquired a new position in shares of Tuniu during the fourth quarter worth about $43,000. MARSHALL WACE ASIA Ltd purchased a new stake in Tuniu during the third quarter worth approximately $115,000. Bank of America Corp DE purchased a new stake in Tuniu during the fourth quarter worth approximately $485,000. Renaissance Technologies LLC lifted its stake in Tuniu by 40.7% during the fourth quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company’s stock worth $659,000 after purchasing an additional 196,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Tuniu during the fourth quarter worth approximately $1,403,000. 8.91% of the stock is owned by institutional investors.

About Tuniu (Get Rating)

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.

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