Notable News to Watch: Ctrip.com International, Ltd. (NASDAQ:CTRP)

Ctrip.com International, Ltd. (NASDAQ:CTRP) spotted trading -35.83% off 52-week high price. On the other end, the stock has been noted 19.36% away from the low price over the last 52-weeks. The stock changed 1.88% to recent value of $29.84. The stock transacted 5795061 shares during most recent day however it has an average volume of 4434.35K shares. The company has 568.57M of outstanding shares and 281.38M shares were floated in the market.

On Oct. 1, 2019, Ctrip.com International, Ltd. (NASDAQ:CTRP) a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services, released the completion on October 1, 2019 of the secondary offering of an aggregate of 36,000,000 American Depositary Shares (ADSs), which included the exercise in full by the underwriters of their option to purchase up to 4,695,648 additional ADSs to cover over-allotment, each representing 0.125 ordinary share of the Company, by its shareholder Baidu Holdings Limited at US$28.00 per ADS.  The Company did not issue or sell any ADSs in the offering or receive any proceeds from the sale of the ADSs by the selling shareholder.

Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC are acting as the joint book-runners for the offering.

Its earnings per share (EPS) expected to touch remained -41.80% for this year while earning per share for the next 5-years is expected to reach at 1.75%. CTRP has a gross margin of 79.00% and an operating margin of 10.40% while its profit margin remained 5.60% for the last 12 months.

According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -10.25% from the mean of 20 days, -13.26% from mean of 50 days SMA and performed -17.15% from mean of 200 days price. Company’s performance for the week was -6.02%, -7.84% for month and YTD performance remained 10.27%.

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