Tuniu (NASDAQ:TOUR) Upgraded at StockNews.com

Tuniu (NASDAQ:TOUR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Tuniu Trading Up 6.9 %

Tuniu stock opened at $1.09 on Friday. The firm has a market cap of $134.99 million, a PE ratio of -109,000.00 and a beta of 1.67. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76. The stock’s 50 day simple moving average is $1.12 and its two-hundred day simple moving average is $0.99.

Hedge Funds Weigh In On Tuniu

Institutional investors have recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC acquired a new stake in shares of Tuniu in the 3rd quarter worth $39,000. XTX Topco Ltd grew its holdings in shares of Tuniu by 163.8% in the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 18,000 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Tuniu during the third quarter worth about $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Tuniu by 13.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after purchasing an additional 16,248 shares during the period.

About Tuniu

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.