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Tuniu (NASDAQ:TOUR) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Tuniu logo with Computer and Technology background

Tuniu Co. (NASDAQ:TOUR - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.94 and traded as high as $0.94. Tuniu shares last traded at $0.90, with a volume of 69,319 shares.

Tuniu Trading Up 0.0%

The business has a 50 day moving average of $0.93 and a 200-day moving average of $1.00. The firm has a market capitalization of $105.37 million, a P/E ratio of -90,020.00 and a beta of 1.71.

Tuniu (NASDAQ:TOUR - Get Free Report) last posted its earnings results on Friday, March 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%. The business had revenue of $14.07 million for the quarter.

Tuniu Announces Dividend

The firm also recently declared a -- dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.036 per share. The ex-dividend date of this dividend was Thursday, March 27th. Tuniu's dividend payout ratio is currently 25.00%.

Hedge Funds Weigh In On Tuniu

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Tuniu by 166.0% during the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company's stock worth $27,000 after acquiring an additional 16,110 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Tuniu during the 4th quarter worth approximately $28,000. Millennium Management LLC grew its stake in shares of Tuniu by 93.9% during the 4th quarter. Millennium Management LLC now owns 34,864 shares of the technology company's stock worth $36,000 after acquiring an additional 16,882 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Tuniu by 158.6% during the 4th quarter. XTX Topco Ltd now owns 74,965 shares of the technology company's stock worth $77,000 after acquiring an additional 45,979 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Tuniu during the 4th quarter worth approximately $109,000.

Tuniu Company Profile

(Get Free Report)

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

Further Reading

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