Tuniu (NASDAQ:TOUR) Stock Price Passes 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 Thursday . The stock has a 200-day moving average of $6.95 and traded as low as $6.00. Tuniu shares last traded at $6.27, with a volume of 21,683 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tuniu has an average rating of “Sell”.

Tuniu Trading Down 1.1%

The firm has a market capitalization of $67.71 million, a P/E ratio of 12.40 and a beta of 0.39. The stock has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $6.94.

Tuniu Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th were given a $1.197 dividend. The ex-dividend date was Monday, May 4th. This represents a yield of 1,897.0%. Tuniu’s dividend payout ratio is presently 234.00%.

Institutional Trading of Tuniu

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Tuniu during the 4th quarter valued at approximately $31,000. Acadian Asset Management LLC grew its position in 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 acquiring an additional 57,358 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 valued at $138,000 after purchasing an additional 10,689 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.