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

StockNews.com lowered shares of Tuniu (NASDAQ:TOUR) from a buy rating to a hold rating in a research note released on Thursday.

Tuniu Stock Performance

NASDAQ:TOUR opened at $1.02 on Thursday. The company has a 50-day moving average of $1.10 and a 200-day moving average of $0.99. The firm has a market cap of $126.32 million, a price-to-earnings ratio of -102,000.00 and a beta of 1.67. Tuniu has a twelve month low of $0.59 and a twelve month high of $1.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TOUR. Symmetry Peak Management LLC acquired a new stake in shares of Tuniu during the 3rd quarter valued at $39,000. XTX Topco Ltd raised 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 worth $41,000 after purchasing an additional 18,000 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu during the third quarter valued at $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 valued at $196,000 after purchasing 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.