Tuniu (NASDAQ:TOUR) Raised to “Buy” at StockNews.com

Tuniu (NASDAQ:TOUR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Tuniu Price Performance

Shares of NASDAQ:TOUR opened at $0.84 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Tuniu has a 1 year low of $0.73 and a 1 year high of $2.90. The business has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $1.35. The firm has a market cap of $108.38 million, a price-to-earnings ratio of -27.84 and a beta of 1.90.

Tuniu (NASDAQ:TOUR) last announced its quarterly earnings data on Thursday, August 17th. The technology company reported $0.01 earnings per share (EPS) for the quarter. Tuniu had a negative return on equity of 5.22% and a negative net margin of 12.31%. The business had revenue of $13.78 million during the quarter.

Hedge Funds Weigh In On Tuniu

Institutional investors have recently bought and sold shares of the stock. Insight Advisors LLC PA raised its holdings in Tuniu by 84.8% during the second quarter. Insight Advisors LLC PA now owns 47,950 shares of the technology company’s stock valued at $79,000 after buying an additional 22,000 shares in the last quarter. SCEP Management Ltd bought a new position in Tuniu during the first quarter valued at about $4,479,000. SG Americas Securities LLC bought a new position in Tuniu during the first quarter valued at about $71,000. UBS Group AG grew its position in shares of Tuniu by 0.9% in the second quarter. UBS Group AG now owns 2,771,866 shares of the technology company’s stock valued at $2,911,000 after purchasing an additional 23,534 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Tuniu by 5.2% in the first quarter. Bank of America Corp DE now owns 526,077 shares of the technology company’s stock valued at $984,000 after purchasing an additional 26,077 shares during the last quarter. 11.66% of the stock is currently owned by institutional investors.

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.