StockNews.com took over stock coverage of Tuniu (NASDAQ: TOUR – Get a rating) in a report released Saturday. The brokerage has set a “hold” rating on shares of the tech company.
The NASDAQ TOUR opened at $0.68 on Friday. The company’s 50-day moving average price is $0.89 and its two-hundred-day moving average price is $1.08. Tuniu has a 12-month low of $0.59 and a 12-month high of $3.07. The company has a market capitalization of $88.25 million, a PE ratio of -4.53 and a beta of 2.13. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt ratio of 0.01.
Tuniu (NASDAQ:TOUR – Get Rating) last released its quarterly results on Thursday, March 17. The technology company reported ($0.03) EPS for the quarter. Tuniu had a negative net margin of 28.49% and a negative return on equity of 8.07%. The company had revenue of $11.52 million in the quarter.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Morgan Stanley increased its position in Tuniu shares by 0.9% during the second quarter. Morgan Stanley now owns 3,151,425 shares of the technology company valued at $7,500,000 after buying 28,338 more shares last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Tuniu during the 4th quarter, valued at approximately $1,403,000. Renaissance Technologies LLC strengthened its position in Tuniu shares by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company valued at $659,000 after purchasing an additional 196,523 shares last quarter. Bank of America Corp DE bought a new equity stake in Tuniu during Q4, valued at around $485,000. Finally, Virtu Financial LLC purchased a new equity stake in Tuniu during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors hold 23.88% of the company’s shares.
Tuniu company profile (Get an assessment)
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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