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Tuniu (NASDAQ:TOUR) Downgraded by StockNews.com to Sell

Defense World ·  Mar 15, 2023 15:58

StockNews.com cut shares of Tuniu (NASDAQ:TOUR – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Tuniu Trading Up 1.1 %

NASDAQ:TOUR opened at $1.88 on Tuesday. The company has a 50-day moving average price of $2.05 and a 200-day moving average price of $1.38. Tuniu has a 12 month low of $0.46 and a 12 month high of $2.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The stock has a market cap of $243.99 million, a price-to-earnings ratio of -6.96 and a beta of 1.73.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Tuniu in the 4th quarter worth about $28,000. Marshall Wace LLP bought a new position in shares of Tuniu in the 4th quarter worth about $122,000. Cantor Fitzgerald L. P. bought a new position in shares of Tuniu in the 3rd quarter worth about $162,000. Two Sigma Investments LP increased its stake in shares of Tuniu by 1,140.7% in 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 in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Tuniu by 4.8% in 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 in the last quarter. 9.17% of the stock is currently owned by institutional investors.

About Tuniu

(Get Rating)

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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