Tuniu (NASDAQ:TOUR) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Tuniu Corporation (NASDAQ:TOUR) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.07 and traded as low as $5.10. Tuniu shares last traded at $5.10, with a volume of 9,529 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tuniu in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Tuniu Stock Performance

The firm has a market cap of $53.51 million, a P/E ratio of 8.03 and a beta of 0.42. The company has a 50 day moving average of $4.96 and a 200 day moving average of $6.05.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Friday, June 5th. The technology company reported $0.04 earnings per share for the quarter. The firm 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 Investors Weigh In On Tuniu

Several institutional investors and hedge funds have recently modified their holdings of TOUR. Renaissance Technologies LLC increased its position in Tuniu by 6.4% during the first quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after buying an additional 10,689 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Tuniu in the fourth quarter worth about $31,000. Finally, Acadian Asset Management LLC lifted its position in shares of Tuniu by 123.6% in the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after buying an additional 57,358 shares during the last quarter.

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.