Tuniu Corp (TOUR) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Apr 26, 2016.
On the company’s financial health, Tuniu Corp reported $-1.91 EPS for the quarter, beating the analyst consensus estimate by $ 1.02 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-2.93. The company had revenue of $1903.90 million for the quarter, compared to analysts expectations of $1912.71 million. The company’s revenue was up 104.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-3.13 EPS.
Tuniu Corp closed down -0.11 points or -0.94% at $11.55 with 1,56,628 shares getting traded on Friday. Post opening the session at $11.71, the shares hit an intraday low of $11.402 and an intraday high of $11.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Tuniu Corporation is an online travel company. The Company offers a selection of packaged tours including organized tours self-guided tours and 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. The Company’s organized tours offer pre-arranged itineraries transportation accommodations entertainment meals and tour guide services. The Company’s self-guided tours consist of combinations of flights and hotel bookings and other optional add-ons such as airport pick-ups. The Company’s other travel-related services comprise mainly sales of tourist attraction tickets and visa processing services. The Company’s online platform contains travel guides featuring photos information and recommendations for all destinations it covers as well as user-generated content that serves as a references for other travelers.