Tuniu (NASDAQ:TOWER) Research coverage has begun on StockNews.com
StockNews.com took over stock coverage of Tuniu (NASDAQ: TOUR – Get a rating) in a report released Wednesday. The brokerage has set a “hold” rating on shares of the tech company.
Tuniu stock opened Wednesday at $0.57. The stock has a market capitalization of $73.96 million, a price-earnings ratio of -3.80 and a beta of 2.14. Tuniu has a 52-week low of $0.46 and a 52-week high of $3.07. The stock’s 50-day moving average price is $0.69 and its two-hundred-day moving average price is $0.95. The company has a debt ratio of 0.01, a quick ratio of 1.51 and a current ratio of 1.51.
Tuniu (NASDAQ:TOUR – Get Rating) last released its results on Thursday, March 17. The technology company reported ($0.03) earnings per share for the quarter. Tuniu had a negative return on equity of 8.07% and a negative net margin of 28.49%. The company had revenue of $11.52 million for the quarter.
Several large investors have recently changed their stake 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 worth $7,500,000 after buying 28,338 additional shares during the period. Virtu Financial LLC bought a new stake in Tuniu in Q4 worth $43,000. MARSHALL WACE ASIA Ltd bought a new stake in Tuniu in Q3 worth $115,000. Renaissance Technologies LLC increased its position 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 purchasing an additional 196,523 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Tuniu in the 4th quarter at a value of $485,000. 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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