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

Shares of Tuniu Corporation (NASDAQ:TOUR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.79 and traded as low as $0.62. Tuniu shares last traded at $0.6226, with a volume of 39,652 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tuniu in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Tuniu Stock Performance

The stock has a market capitalization of $72.88 million, a price-to-earnings ratio of 31.15 and a beta of 0.58. The business has a fifty day simple moving average of $0.69 and a 200 day simple moving average of $0.79.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Friday, December 5th. The technology company reported $0.03 EPS for the quarter. Tuniu had a net margin of 1.09% and a return on equity of 3.41%. The business had revenue of $28.38 million for the quarter.

Institutional Trading of Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC grew its holdings in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 0.09% of Tuniu worth $112,000 as of its most recent SEC filing.

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.