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

Tuniu (NASDAQ:TOUR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Tuniu Trading Down 1.0 %

NASDAQ:TOUR traded down $0.01 on Thursday, reaching $1.02. 194,938 shares of the stock traded hands, compared to its average volume of 358,880. The company has a market capitalization of $126.32 million, a price-to-earnings ratio of -102,000.00 and a beta of 1.67. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76. The company’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $0.98.

Institutional Trading of Tuniu

Institutional investors and hedge funds have recently bought and sold shares of the company. Symmetry Peak Management LLC bought a new stake in Tuniu during the 3rd quarter valued at about $39,000. XTX Topco Ltd increased its stake in Tuniu by 163.8% during the 3rd 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Tuniu during the 3rd quarter valued at about $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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 valued at $196,000 after purchasing an additional 16,248 shares in 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.