Tuniu (NASDAQ:TOUR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Tuniu (NASDAQ:TOURGet Rating) in a report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

NASDAQ TOUR opened at $0.68 on Friday. The business’s 50-day moving average price is $0.89 and its two-hundred day moving average price is $1.08. Tuniu has a 12 month low of $0.59 and a 12 month high of $3.07. The firm has a market capitalization of $88.25 million, a PE ratio of -4.53 and a beta of 2.13. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01.

Tuniu (NASDAQ:TOURGet Rating) last released its quarterly earnings results on Thursday, March 17th. The technology company reported ($0.03) EPS for the quarter. Tuniu had a negative net margin of 28.49% and a negative return on equity of 8.07%. The company had revenue of $11.52 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in shares of Tuniu by 0.9% during the 2nd quarter. Morgan Stanley now owns 3,151,425 shares of the technology company’s stock valued at $7,500,000 after purchasing an additional 28,338 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Tuniu during the 4th quarter valued at about $1,403,000. Renaissance Technologies LLC boosted its position in shares of Tuniu by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company’s stock valued at $659,000 after purchasing an additional 196,523 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Tuniu during the 4th quarter valued at about $485,000. Finally, Virtu Financial LLC bought a new stake in shares of Tuniu during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 23.88% of the company’s stock.

Tuniu Company Profile (Get Rating)

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.

Featured Stories

Receive News & Ratings for Tuniu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuniu and related companies with MarketBeat.com's FREE daily email newsletter.