Tuniu Stock Set to Reverse Split on Wednesday, April 22nd (NASDAQ:TOUR)

Shares of Tuniu Corporation (NASDAQ:TOUR) are set to reverse split on the morning of Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 21st.

Tuniu Price Performance

Shares of NASDAQ:TOUR opened at $0.73 on Monday. The business’s 50-day moving average is $0.68 and its 200 day moving average is $0.75. Tuniu has a 1 year low of $0.56 and a 1 year high of $1.06. The firm has a market capitalization of $85.83 million, a P/E ratio of 14.67 and a beta of 0.38.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tuniu stock. Jane Street Group LLC acquired a new position in Tuniu Corporation (NASDAQ:TOUR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,564 shares of the technology company’s stock, valued at approximately $31,000.

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.