Tuniu (NASDAQ:TOUR) Downgraded by StockNews.com to Hold

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

Tuniu Stock Performance

Shares of NASDAQ TOUR opened at $1.02 on Thursday. The company’s fifty day moving average is $1.10 and its two-hundred day moving average is $0.98. The firm has a market capitalization of $126.32 million, a P/E ratio of -102,000.00 and a beta of 1.67. Tuniu has a one year low of $0.59 and a one year high of $1.76.

Hedge Funds Weigh In On Tuniu

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 buying an additional 16,248 shares in the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of Tuniu in the 3rd quarter worth about $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 acquiring an additional 18,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Tuniu during the 3rd quarter valued at about $50,000.

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.