Tuniu (NASDAQ:TOUR) Shares to Reverse Split on Wednesday, April 22nd

Tuniu Corporation (NASDAQ:TOUR)’s stock is going to reverse split on Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 21st.

Tuniu Price Performance

TOUR opened at $0.73 on Monday. The stock’s fifty day moving average is $0.68 and its two-hundred day moving average is $0.75. The company has a market capitalization of $85.83 million, a P/E ratio of 14.67 and a beta of 0.38. Tuniu has a 52 week low of $0.56 and a 52 week high of $1.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tuniu in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Tuniu

An institutional investor recently bought a new position in Tuniu stock. Jane Street Group LLC acquired a new stake in shares of Tuniu Corporation (NASDAQ:TOUR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,564 shares of the technology company’s stock, valued at approximately $31,000.

About Tuniu

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.