Qunar Cayman Islands Ltd(NASDAQ:QUNR) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 15, 2016. Company reported revenue of $154.02M. Analysts estimated a revenue of $1.13B. Earnings per share were $-0.29. Analysts had estimated an EPS of $-0.38.
In a different note, On May 4, 2016, CLSA said it Downgrades its rating on Qunar Cayman Islands Ltd. The shares have been rated ‘Sell’ by the firm. On Apr 26, 2016, Morgan Stanley said it Downgrades its rating on Qunar Cayman Islands Ltd. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Mar 18, 2016, Deutsche Bank said it Downgrades its rating on Qunar Cayman Islands Ltd. The shares have been rated ‘Hold’ by the firm. On Mar 18, 2016, HSBC said it Downgrades its rating on Qunar Cayman Islands Ltd. The shares have been rated ‘Hold’ by the firm.
Qunar Cayman Islands Ltd (QUNR) shares turned negative on Tuesdays trading session with the shares closing down -0.87 points or -3.14% at a volume of 2,82,312. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.8975. The peak price level was also seen at $27.8975 while the days lowest was $26.8. Finally the shares closed at $26.83. The 52-week high of the shares is $55.93 while the 52-week low is $26.52. According to the latest information available, the market cap of the company is $3,885 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.