Tuniu (NASDAQ:TOUR) Lowered to “Hold” at StockNews.com

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

Tuniu Stock Performance

Shares of NASDAQ TOUR opened at $1.02 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $131.73 million, a price-to-earnings ratio of -33.83 and a beta of 1.90. The business’s 50-day simple moving average is $1.02 and its 200-day simple moving average is $1.32. Tuniu has a 52 week low of $0.73 and a 52 week high of $2.90.

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

Institutional Trading of Tuniu

A number of hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Tuniu by 0.4% in the 4th quarter. Morgan Stanley now owns 4,532,175 shares of the technology company’s stock worth $6,844,000 after acquiring an additional 19,284 shares during the period. UBS Group AG lifted its position in shares of Tuniu by 0.9% in the 2nd quarter. UBS Group AG now owns 2,771,866 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 23,534 shares during the period. SCEP Management Ltd lifted its position in shares of Tuniu by 4.4% in the 2nd quarter. SCEP Management Ltd now owns 2,500,000 shares of the technology company’s stock worth $4,125,000 after acquiring an additional 104,605 shares during the period. Bank of America Corp DE lifted its position in shares of Tuniu by 5.2% in the 1st quarter. Bank of America Corp DE now owns 526,077 shares of the technology company’s stock worth $984,000 after acquiring an additional 26,077 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Tuniu by 4.8% in the 2nd quarter. Renaissance Technologies LLC now owns 360,859 shares of the technology company’s stock worth $379,000 after acquiring an additional 16,660 shares during the period. Institutional investors own 11.66% of the company’s stock.

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.