Tuniu (NASDAQ:TOUR) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Tuniu (NASDAQ:TOUR) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Tuniu Stock Performance

Shares of Tuniu stock opened at $1.12 on Friday. The stock has a market capitalization of $138.70 million, a P/E ratio of -115,000.00 and a beta of 1.67. The stock’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $0.98. Tuniu has a 52-week low of $0.59 and a 52-week high of $1.76.

Institutional Investors Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Tuniu Co. (NASDAQ:TOUR) by 13.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 137,877 shares of the technology company’s stock after purchasing an additional 16,248 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Tuniu worth $196,000 as of its most recent SEC filing.

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.