Tuniu (NASDAQ:TOUR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Tuniu Corporation (NASDAQ:TOUR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.99 and traded as low as $4.87. Tuniu shares last traded at $4.87, with a volume of 8,577 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tuniu in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Tuniu Price Performance

The stock has a fifty day simple moving average of $4.95 and a 200-day simple moving average of $5.98. The company has a market capitalization of $53.51 million, a price-to-earnings ratio of 8.03 and a beta of 0.42.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Friday, June 5th. The technology company reported $0.04 EPS for the quarter. The business had revenue of $19.23 million for the quarter. Tuniu had a net margin of 6.09% and a return on equity of 4.57%.

Institutional Trading of Tuniu

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOUR. Yiheng Capital Management L.P. purchased a new position in Tuniu in the second quarter valued at $152,000. Renaissance Technologies LLC boosted its stake in shares of Tuniu by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after acquiring an additional 10,689 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Tuniu during the 4th quarter worth about $31,000. Finally, Acadian Asset Management LLC grew its position in shares of Tuniu by 123.6% during the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock valued at $112,000 after acquiring an additional 57,358 shares during the period.

Tuniu Company Profile

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.