StockNews.com upgraded shares of Tuniu (NASDAQ:TOUR – Get Rating) from a sell rating to a hold rating in a research report report published on Monday.
Tuniu Price Performance
Shares of NASDAQ TOUR opened at $1.70 on Monday. The stock has a market cap of $220.62 million, a P/E ratio of -9.44 and a beta of 1.69. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $1.61 and a two-hundred day moving average of $1.79. Tuniu has a twelve month low of $0.47 and a twelve month high of $2.90.
Tuniu (NASDAQ:TOUR – Get Rating) last announced its quarterly earnings data on Friday, March 17th. The technology company reported ($0.04) earnings per share for the quarter. The business had revenue of $3.96 million for the quarter. Tuniu had a negative return on equity of 9.77% and a negative net margin of 79.82%.
Institutional Investors Weigh In On Tuniu
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in 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 purchasing an additional 8,594 shares in the last quarter. SCEP Management Ltd acquired a new stake in Tuniu in the 1st quarter valued at approximately $4,479,000. Bank of America Corp DE increased its position 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 valued at $984,000 after purchasing an additional 26,077 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Tuniu during the 1st quarter valued at $81,000. Finally, Insight Advisors LLC PA acquired a new position in shares of Tuniu during the 1st quarter valued at $49,000. 9.17% of the stock is currently owned by institutional investors and hedge funds.
Tuniu Company Profile
Tuniu Corp. is an online leisure travel company, which engages in the provision of travel-related services in China. The company offers packaged tours, including organized tours and self-guided tours, and also travel-related services for leisure travelers. Its product portfolio includes organized tours, self-guided tours, and tickets for various domestic and overseas tourist attractions.
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