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

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

Tuniu Trading Up 5.2 %

Shares of TOUR traded up $0.04 during midday trading on Thursday, reaching $0.85. The company had a trading volume of 141,199 shares, compared to its average volume of 364,128. 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 $0.72 and a 200-day simple moving average of $0.78. The company has a quick ratio of 1.55, a current ratio of 1.57 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of Tuniu

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased 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 worth $46,000 after purchasing an additional 8,594 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Tuniu in the 1st quarter valued at about $81,000. Envestnet Asset Management Inc. grew its position in Tuniu by 117.0% in the 2nd 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 in the last quarter. Marshall Wace LLP acquired a new position in Tuniu in the 4th quarter valued at about $122,000. Finally, Two Sigma Investments LP grew its position in Tuniu by 1,140.7% in the 4th 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 in 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.