StockNews.com Downgrades Tuniu (NASDAQ:TOUR) to Hold

StockNews.com lowered shares of Tuniu (NASDAQ:TOUR) from a buy rating to a hold rating in a research note released on Thursday.

Tuniu Stock Performance

Shares of Tuniu stock opened at $0.85 on Thursday. The business has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $0.78. Tuniu has a fifty-two week low of $0.59 and a fifty-two week high of $2.06. 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 issued its quarterly earnings results on Wednesday, March 13th. The technology company reported $0.01 EPS 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 for the quarter.

Institutional Trading of Tuniu

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Tuniu by 53.3% during the 1st 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 stake in Tuniu during the first quarter valued at about $81,000. Envestnet Asset Management Inc. boosted its holdings in shares of Tuniu by 117.0% in the second quarter. Envestnet Asset Management Inc. now owns 55,784 shares of the technology company’s stock worth $92,000 after buying an additional 30,083 shares during the period. Marshall Wace LLP purchased a new position in Tuniu during the 4th quarter worth approximately $122,000. Finally, Two Sigma Investments LP lifted its holdings in shares of 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 purchasing 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.