Tuniu (NASDAQ:TOUR) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Tuniu (NASDAQ:TOUR) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Tuniu Trading Down 8.9 %

NASDAQ:TOUR opened at $1.02 on Friday. The company has a 50-day moving average of $1.06 and a 200-day moving average of $0.98. The firm has a market cap of $126.32 million, a price-to-earnings ratio of -112,000.00 and a beta of 1.67. Tuniu has a twelve month low of $0.59 and a twelve month high of $1.76.

Institutional Investors Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Tuniu Co. (NASDAQ:TOUR) by 13.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,877 shares of the technology company’s stock after buying an additional 16,248 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Tuniu worth $196,000 at the end of the most recent 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.