Qunar Cayman Islands Ltd (QUNR) 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.
Many Wall Street Analysts have commented on Qunar Cayman Islands Ltd. Qunar Cayman Islands Ltd was Downgraded by HSBC Securities to ” Hold” on Mar 17, 2016.
On the company’s financial health, Qunar Cayman Islands Ltd reported $-0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 24, 2015. Analyst had a consensus of $-0.76. The company had revenue of $208.50 million for the quarter, compared to analysts expectations of $186.14 million. The company’s revenue was up 155.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.78 EPS.
Qunar Cayman Islands Ltd opened for trading at $42.85 and hit $43.47 on the upside on Friday, eventually ending the session at $42.97, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 2,18,792 shares. Company has a market cap of $6,218 M.
Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products including flights hotels vacations packages attraction tickets and other travel related offerings. The Company has developed Qunar Travel its mobile application which enables its users to search for and purchase travel products. The Company’s Software as a service (SaaS) system provides an online presence for over 240000 travel service providers. Its search engine provides real-time travel products information directly sourced from travel service providers and through its SaaS platform. The Company’s main lines of business include flight tickets hotels vacation packages and attraction tickets. The Company also offers display advertising train tickets car services smart lodging and other services.