Tuniu (NASDAQ:TOUR) Upgraded at StockNews.com

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

Tuniu Trading Up 4.6 %

Tuniu stock opened at $1.14 on Friday. 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 has a 50-day moving average price of $1.13 and a 200 day moving average price of $0.99. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its position 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 during the period. Symmetry Peak Management LLC purchased a new position in Tuniu during the third quarter worth about $39,000. XTX Topco Ltd boosted its stake in 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 buying an additional 18,000 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu in the 3rd quarter valued at approximately $50,000.

Tuniu Company Profile

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.