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

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

Tuniu Price Performance

NASDAQ:TOUR opened at $1.14 on Friday. 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 company has a fifty day moving average price of $1.13 and a 200 day moving average price of $0.99. Tuniu has a one year low of $0.59 and a one year high of $1.76.

Institutional Trading of Tuniu

A number of institutional investors and hedge funds have recently modified their holdings of TOUR. Connor Clark & Lunn Investment Management Ltd. raised its position in Tuniu by 13.4% in 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 in the last quarter. XTX Topco Ltd grew its stake 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 purchasing an additional 18,000 shares during the period. Symmetry Peak Management LLC acquired a new position in shares of Tuniu in the 3rd quarter worth approximately $39,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Tuniu during the 3rd quarter worth approximately $50,000.

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.