Tuniu (NASDAQ:TOUR) Upgraded at StockNews.com

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

Tuniu Stock Down 1.9 %

Tuniu stock opened at $0.78 on Wednesday. Tuniu has a fifty-two week low of $0.59 and a fifty-two week high of $2.06. The firm’s 50-day simple moving average is $0.71 and its 200 day simple moving average is $0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 1.57.

Tuniu (NASDAQ:TOUR) last released 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 business had revenue of $14.08 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Tuniu by 53.3% in the first quarter. Geode Capital Management LLC now owns 24,726 shares of the technology company’s stock valued at $46,000 after acquiring an additional 8,594 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Tuniu in the first quarter valued at about $81,000. Envestnet Asset Management Inc. boosted its stake in Tuniu by 117.0% in the second quarter. Envestnet Asset Management Inc. now owns 55,784 shares of the technology company’s stock valued at $92,000 after acquiring an additional 30,083 shares during the last quarter. Marshall Wace LLP purchased a new position in Tuniu in the fourth quarter valued at about $122,000. Finally, Two Sigma Investments LP boosted 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 valued at $210,000 after acquiring an additional 127,806 shares during the last quarter.

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.