BidaskClub Lowers Tuniu (TOUR) to Strong Sell

Tuniu (NASDAQ:TOUR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

Separately, Credit Suisse Group initiated coverage on shares of Tuniu in a report on Tuesday, October 10th. They set an “outperform” rating and a $11.00 price target on the stock.

Tuniu (NASDAQ:TOUR) opened at $7.77 on Friday. Tuniu has a 1-year low of $6.69 and a 1-year high of $9.88. The firm has a market cap of $981.99, a P/E ratio of -5.84 and a beta of 1.45.

A number of large investors have recently modified their holdings of the business. Stevens Capital Management LP raised its position in shares of Tuniu by 1.3% during the second quarter. Stevens Capital Management LP now owns 14,559 shares of the technology company’s stock valued at $117,000 after buying an additional 183 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Tuniu during the third quarter valued at approximately $129,000. Profund Advisors LLC raised its position in shares of Tuniu by 40.7% during the second quarter. Profund Advisors LLC now owns 16,748 shares of the technology company’s stock valued at $134,000 after buying an additional 4,848 shares during the last quarter. PEAK6 Investments L.P. bought a new stake in shares of Tuniu during the third quarter valued at approximately $156,000. Finally, Susquehanna International Group LLP raised its position in shares of Tuniu by 205.4% during the third quarter. Susquehanna International Group LLP now owns 29,934 shares of the technology company’s stock valued at $234,000 after buying an additional 58,334 shares during the last quarter.

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About Tuniu

Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

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