BidaskClub lowered shares of Tuniu (NASDAQ:TOUR) from a sell rating to a strong sell rating in a report released on Friday.

Separately, Credit Suisse Group initiated coverage on Tuniu in a report on Tuesday, October 10th. They issued an outperform rating and a $11.00 price objective for the company.

Tuniu (TOUR) traded up $0.02 during midday trading on Friday, hitting $7.79. The stock had a trading volume of 188,800 shares, compared to its average volume of 204,200. The firm has a market cap of $985.79, a P/E ratio of -5.86 and a beta of 1.45. Tuniu has a 12 month low of $6.69 and a 12 month high of $9.88.

Institutional investors have recently made changes to their positions in the business. Hermes Investment Management Ltd. acquired a new stake in Tuniu during the 3rd quarter valued at $4,340,000. Yiheng Capital LLC lifted its holdings in Tuniu by 70.9% during the 3rd quarter. Yiheng Capital LLC now owns 2,013,774 shares of the technology company’s stock valued at $15,748,000 after purchasing an additional 835,409 shares during the last quarter. Laurion Capital Management LP acquired a new stake in Tuniu during the 2nd quarter valued at $2,023,000. Dimensional Fund Advisors LP acquired a new stake in Tuniu during the 2nd quarter valued at $442,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Tuniu during the 3rd quarter valued at $129,000.

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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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