Tuniu (NASDAQ:TOUR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Tuniu (NASDAQ:TOUR) from a hold rating to a buy rating in a report issued on Friday morning.

Tuniu Trading Up 4.6 %

Shares of NASDAQ TOUR opened at $1.14 on Friday. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76. The stock has a market cap of $141.18 million, a P/E ratio of -114,000.00 and a beta of 1.67. The business’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $0.99.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TOUR. Public Employees Retirement System of Ohio acquired a new stake in Tuniu in the third quarter valued at $50,000. XTX Topco Ltd increased its holdings in shares of Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after acquiring an additional 18,000 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Tuniu during the 3rd quarter worth about $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Tuniu by 13.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after purchasing an additional 16,248 shares during 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.