Tuniu (NASDAQ:TOUR) Shares Pass Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Tuniu passed below its 200-day moving average, trading as low as $0.67 versus a 200-day MA of $0.76 and last at $0.7250 on volume of 256,872 shares.
• Analyst sentiment is negative: Weiss Ratings reiterated a Sell rating and MarketBeat shows an average analyst rating of Sell.
• Tuniu will enact a 1-for-10 reverse split (adjustment after the close on April 21, effective April 22), and the company has a market cap of about $84.9 million with a PE of 14.5.

Shares of Tuniu Corporation (NASDAQ:TOUR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.76 and traded as low as $0.67. Tuniu shares last traded at $0.7250, with a volume of 256,872 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, Tuniu presently has an average rating of "Sell".

Tuniu Stock Up 3.4%

The stock has a market cap of $84.86 million, a PE ratio of 14.50 and a beta of 0.45. The company's fifty day moving average is $0.67 and its 200 day moving average is $0.76.

Tuniu shares are set to reverse split on Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 21st.

Institutional Investors Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC boosted its position in shares of Tuniu Corporation (NASDAQ:TOUR - Free Report) by 123.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting 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.

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