Tuniu (NASDAQ:TOUR) Stock Rating Upgraded by StockNews.com

Tuniu (NASDAQ:TOUR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Tuniu Stock Up 4.6 %

Tuniu stock opened at $1.14 on Friday. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76. The stock has a market cap of $141.18 million, a P/E ratio of -114,000.00 and a beta of 1.67. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Tuniu during the third quarter valued at approximately $50,000. Symmetry Peak Management LLC bought a new stake in shares of Tuniu during the 3rd quarter worth $39,000. XTX Topco Ltd grew its stake in Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after buying an additional 18,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Tuniu by 13.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after acquiring 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.