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

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

Tuniu Stock Performance

Shares of Tuniu stock opened at $1.02 on Thursday. The company’s fifty day simple moving average is $1.10 and its two-hundred day simple moving average is $0.99. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76. The company has a market cap of $126.32 million, a P/E ratio of -102,000.00 and a beta of 1.67.

Hedge Funds Weigh In On Tuniu

A number of institutional investors have recently bought and sold shares of TOUR. Symmetry Peak Management LLC purchased a new position in shares of Tuniu during the 3rd quarter worth approximately $39,000. XTX Topco Ltd boosted its position in shares of Tuniu by 163.8% during 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Tuniu in the third quarter worth $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Tuniu by 13.4% in 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 in the last quarter.

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.