StockNews.com Downgrades Tuniu (NASDAQ:TOUR) to Hold

Tuniu (NASDAQ:TOUR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Tuniu Price Performance

Tuniu stock opened at $1.02 on Thursday. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76. The company has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $0.99. The company has a market cap of $126.32 million, a PE ratio of -102,000.00 and a beta of 1.67.

Institutional Investors Weigh In On Tuniu

A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Tuniu in the third quarter valued at approximately $50,000. XTX Topco Ltd lifted its holdings in shares of Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 18,000 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in Tuniu during the 3rd quarter valued at approximately $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Tuniu by 13.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after buying an additional 16,248 shares during the last quarter.

Tuniu Company Profile

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.