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

StockNews.com downgraded shares of Tuniu (NASDAQ:TOUR) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Tuniu Trading Down 2.6 %

Shares of Tuniu stock opened at $1.12 on Friday. The firm has a market capitalization of $138.70 million, a PE ratio of -115,000.00 and a beta of 1.67. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76. The business’s 50-day moving average price is $1.05 and its 200-day moving average price is $0.98.

Institutional Investors Weigh In On Tuniu

A hedge fund recently raised its stake in Tuniu stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Tuniu Co. (NASDAQ:TOUR) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,877 shares of the technology company’s stock after acquiring an additional 16,248 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of Tuniu worth $196,000 at the end of the most recent 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.