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 report released on Thursday morning.

Tuniu Trading Down 1.0 %

TOUR opened at $1.02 on Thursday. The stock’s 50-day moving average price is $1.10 and its 200 day moving average price is $0.98. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76. 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Tuniu during the third quarter worth about $50,000. XTX Topco Ltd increased its position in shares of 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 purchasing an additional 18,000 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Tuniu in the 3rd quarter valued at $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $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.