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

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

Tuniu Stock Performance

TOUR opened at $0.80 on Thursday. The business has a 50 day simple moving average of $0.73 and a two-hundred 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 has a one year low of $0.59 and a one year high of $2.06.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Wednesday, March 13th. The technology company reported $0.01 EPS for the quarter. The business 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of Tuniu by 0.4% during the 4th quarter. Morgan Stanley now owns 4,532,175 shares of the technology company’s stock worth $6,844,000 after acquiring an additional 19,284 shares during the period. UBS Group AG grew its holdings in shares of Tuniu by 0.9% during the 2nd quarter. UBS Group AG now owns 2,771,866 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 23,534 shares during the period. Bank of America Corp DE grew its holdings in shares of Tuniu by 5.2% during the 1st quarter. Bank of America Corp DE now owns 526,077 shares of the technology company’s stock worth $984,000 after acquiring an additional 26,077 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Tuniu by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 360,859 shares of the technology company’s stock worth $379,000 after acquiring an additional 16,660 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of Tuniu by 1,140.7% during the 4th quarter. Two Sigma Investments LP now owns 139,010 shares of the technology company’s stock worth $210,000 after acquiring an additional 127,806 shares during the period.

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.