Tuniu (NASDAQ:TOUR) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Tuniu Corporation's share price has crossed above its 50-day moving average of $0.85, indicating a potential upward trend in its stock performance.
• The stock has recently gained 7.9% and is currently trading at $0.83 with a market cap of approximately $97.63 million.
• A number of institutional investors, including Millennium Management LLC and XTX Topco Ltd, have significantly increased their stakes in Tuniu, highlighting growing investor interest.

Shares of Tuniu Corporation (NASDAQ:TOUR - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.85 and traded as high as $0.85. Tuniu shares last traded at $0.83, with a volume of 332,186 shares traded.

Tuniu Stock Up 0.5%

The company has a market cap of $94.11 million, a PE ratio of 16.08 and a beta of 1.66. The stock's 50 day simple moving average is $0.84 and its two-hundred day simple moving average is $0.93.

Tuniu (NASDAQ:TOUR - Get Free Report) last issued its earnings results on Friday, August 15th. The technology company reported $0.03 earnings per share for the quarter. Tuniu had a return on equity of 5.89% and a net margin of 5.82%. The business had revenue of $18.83 million for the quarter.

Tuniu announced that its Board of Directors has initiated a share buyback program on Friday, August 15th that permits the company to buyback $0.00 in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TOUR. Two Sigma Investments LP acquired a new stake in shares of Tuniu in the fourth quarter worth $111,000. Two Sigma Advisers LP acquired a new stake in Tuniu in the 4th quarter valued at $109,000. Acadian Asset Management LLC raised 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 valued at $112,000 after purchasing an additional 57,358 shares during the period. XTX Topco Ltd lifted its stake in shares of Tuniu by 158.6% during the fourth quarter. XTX Topco Ltd now owns 74,965 shares of the technology company's stock worth $77,000 after purchasing an additional 45,979 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Tuniu by 93.9% during the fourth quarter. Millennium Management LLC now owns 34,864 shares of the technology company's stock worth $36,000 after purchasing an additional 16,882 shares in the last quarter.

About Tuniu

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.