Tuniu (NASDAQ:TOUR) now covered by StockNews.com analysts

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StockNews.com analysts have started covering stocks of Tuniu (NASDAQ: TOUR – Get a rating) in a report released Friday. The brokerage has set a “hold” rating on shares of the tech company.

Shares of TOUR opened at $0.48 on Friday. The company has a debt ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49. The company’s 50-day moving average is $0.61 and its 200-day moving average is $0.90. The stock has a market capitalization of $62.29 million, a price-earnings ratio of -3.20 and a beta of 2.15. Tuniu has a 52-week low of $0.46 and a 52-week high of $2.69.

Tuniu (NASDAQ:TOUR – Get Rating) last released its results on Thursday, June 9. The technology company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $6.54 million in the quarter. Tuniu had a negative net margin of 31.54% and a negative return on equity of 8.45%.

Hedge funds have recently changed their holdings in the company. Morgan Stanley increased its stake in Tuniu by 0.9% in the 2nd quarter. Morgan Stanley now owns 3,151,425 shares of the technology company valued at $7,500,000 after acquiring 28,338 additional shares during the period. Goldman Sachs Group Inc. bought a new position in Tuniu in Q4, valued at around $1,403,000. Renaissance Technologies LLC increased its stake in Tuniu by 40.7% in the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company valued at $659,000 after acquiring an additional 196,523 shares during the period. Bank of America Corp DE bought a new position in Tuniu in Q4, valued at around $485,000. Finally, Virtu Financial LLC bought a new position in Tuniu in Q4 worth around $43,000. 8.91% of the shares are currently held by institutional investors.

Tuniu company profile (Get a rating)

Tuniu Corporation is an online leisure travel company in China. The company offers various organized 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 reservation services, and air ticketing , train and bus for leisure travellers.

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