Tuniu (NASDAQ:TOUR) Downgraded by StockNews.com

Tuniu (NASDAQ:TOUR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Tuniu Stock Performance

Shares of NASDAQ TOUR opened at $0.80 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.57 and a quick ratio of 1.55. Tuniu has a 1 year low of $0.59 and a 1 year high of $2.06. The firm has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $0.78.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results on Wednesday, March 13th. The technology company reported $0.01 earnings per share for the quarter. Tuniu had a negative net margin of 23.04% and a positive return on equity of 4.93%. The firm had revenue of $14.08 million during the quarter.

Institutional Trading of Tuniu

Several institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Tuniu by 0.4% during the fourth quarter. Morgan Stanley now owns 4,532,175 shares of the technology company’s stock valued at $6,844,000 after acquiring an additional 19,284 shares in the last quarter. UBS Group AG raised its stake in shares of Tuniu by 0.9% during the second quarter. UBS Group AG now owns 2,771,866 shares of the technology company’s stock valued at $2,911,000 after acquiring an additional 23,534 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Tuniu by 5.2% during the first quarter. Bank of America Corp DE now owns 526,077 shares of the technology company’s stock valued at $984,000 after acquiring an additional 26,077 shares in the last quarter. Renaissance Technologies LLC raised its stake in Tuniu by 4.8% in the second quarter. Renaissance Technologies LLC now owns 360,859 shares of the technology company’s stock worth $379,000 after buying an additional 16,660 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Tuniu by 1,140.7% in the fourth quarter. Two Sigma Investments LP now owns 139,010 shares of the technology company’s stock worth $210,000 after buying an additional 127,806 shares in the last quarter.

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.