Tuniu (NASDAQ:TOUR) Sees Large Volume Increase – Still a Buy?

Shares of Tuniu Corporation (NASDAQ:TOUR) saw an uptick in trading volume on Thursday . 17,281 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 15,884 shares.The stock last traded at $6.8640 and had previously closed at $6.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tuniu in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Tuniu Price Performance

The business has a 50 day moving average price of $6.94 and a 200 day moving average price of $7.26. The firm has a market capitalization of $814.70 million, a P/E ratio of 139.23 and a beta of 0.38.

Hedge Funds Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC lifted its holdings in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the period. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent filing with the SEC.

About Tuniu

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.