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Tuniu (NASDAQ:TOUR) Shares Pass Below 200-Day Moving Average - What's Next?

Tuniu logo with Computer and Technology background
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Key Points

  • Shares fell below its 200-day moving average: Tuniu traded as low as $7.00 versus a 200-day moving average of $7.18, last trading at $7.37 on volume of 34,952 shares.
  • Generous dividend announced: The company declared an annual dividend of $1.197 per share payable May 20 with a record date of May 4, implying an unusually high yield of 1,787%.
  • Negative analyst sentiment but some institutional buying: MarketBeat shows an average "Sell" rating (Weiss moved it from "sell (e+)" to "sell (d)"), while Acadian Asset Management increased its stake 123.6% to 103,781 shares (~$112,000).
  • Interested in Tuniu? Here are five stocks we like better.

Tuniu Corporation (NASDAQ:TOUR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.18 and traded as low as $7.00. Tuniu shares last traded at $7.37, with a volume of 34,952 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Tuniu from a "sell (e+)" rating to a "sell (d)" rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

View Our Latest Stock Analysis on Tuniu

Tuniu Stock Up 5.4%

The firm has a market capitalization of $86.23 million, a P/E ratio of 14.74 and a beta of 0.38. The company has a fifty day simple moving average of $7.05 and a 200 day simple moving average of $7.18.

Tuniu Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be given a dividend of $1.197 per share. This represents a yield of 1,787.0%. The ex-dividend date of this dividend is Monday, May 4th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC lifted its position in Tuniu Corporation (NASDAQ:TOUR - Free Report) by 123.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,781 shares of the technology company's stock after buying an additional 57,358 shares during the period. Acadian Asset Management LLC owned about 0.09% of Tuniu worth $112,000 as of its most recent SEC filing.

Tuniu Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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