Tuniu (NASDAQ:TOUR) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Tuniu (NASDAQ:TOURFree Report) from a buy rating to a hold rating in a research report report published on Thursday.

Tuniu Price Performance

TOUR opened at $0.80 on Thursday. The stock has a market cap of $103.69 million, a price-to-earnings ratio of -8.88 and a beta of 1.84. Tuniu has a 1 year low of $0.60 and a 1 year high of $2.14. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $0.68 and a 200 day moving average price of $0.85.

Institutional Investors Weigh In On Tuniu

A number of institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its position in Tuniu by 1,140.7% in the 4th quarter. Two Sigma Investments LP now owns 139,010 shares of the technology company’s stock worth $210,000 after purchasing an additional 127,806 shares during the last quarter. SCEP Management Ltd raised its position in Tuniu by 4.4% in the 2nd quarter. SCEP Management Ltd now owns 2,500,000 shares of the technology company’s stock worth $4,125,000 after purchasing an additional 104,605 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Tuniu during the 4th quarter valued at $122,000. NewEdge Advisors LLC bought a new stake in shares of Tuniu during the 1st quarter valued at $81,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Tuniu by 117.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,784 shares of the technology company’s stock valued at $92,000 after acquiring an additional 30,083 shares during the last quarter. 11.66% of the stock is owned by institutional investors and hedge funds.

Tuniu Company Profile

(Get Free Report)

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.

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