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

Tuniu (NASDAQ:TOUR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Tuniu Stock Down 1.0 %

TOUR traded down $0.01 during trading on Thursday, hitting $1.02. The company’s stock had a trading volume of 194,938 shares, compared to its average volume of 358,880. The business’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $0.98. The firm has a market cap of $126.32 million, a PE 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Symmetry Peak Management LLC bought a new stake in Tuniu during the 3rd quarter worth approximately $39,000. XTX Topco Ltd increased its stake in shares of Tuniu by 163.8% in 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu in the third quarter worth $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Tuniu by 13.4% during 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.

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.