Tuniu (NASDAQ:TOUR) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Tuniu (NASDAQ:TOUR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Tuniu Price Performance

Shares of TOUR opened at $1.02 on Thursday. Tuniu has a fifty-two week low of $0.59 and a fifty-two week high of $1.76. The company’s fifty day moving average is $1.10 and its two-hundred day moving average is $0.99. The firm has a market cap of $126.32 million, a PE ratio of -102,000.00 and a beta of 1.67.

Institutional Trading of Tuniu

Several institutional investors have recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC bought a new stake in shares of Tuniu during the 3rd quarter valued at about $39,000. XTX Topco Ltd boosted its stake in 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 acquiring an additional 18,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Tuniu during the third quarter valued at approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 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.