Tuniu (NASDAQ:TOUR) Stock Passes Below 50-Day Moving Average - Here's Why

Key Points

• Tuniu Corporation shares have fallen below their 50-day moving average of $0.88, recently trading at $0.85 with a trading volume of 140,989 shares.
• The company's market capitalization stands at $99.49 million, with a PE ratio of 10.63 and a beta of 1.57.
• Several hedge funds have increased their stakes in Tuniu, with notable increases by Millennium Management LLC and XTX Topco Ltd during the fourth quarter.

Tuniu Corporation (NASDAQ:TOUR - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.88 and traded as low as $0.85. Tuniu shares last traded at $0.85, with a volume of 140,989 shares trading hands.

Tuniu Price Performance

The stock's 50-day moving average is $0.87 and its 200 day moving average is $0.95. The company has a market cap of $90.60 million, a PE ratio of 9.68 and a beta of 1.57.

Institutional Investors Weigh In On Tuniu

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its stake in Tuniu by 93.9% during the 4th quarter. Millennium Management LLC now owns 34,864 shares of the technology company's stock valued at $36,000 after purchasing an additional 16,882 shares in the last quarter. XTX Topco Ltd grew its position in Tuniu by 158.6% during the fourth quarter. XTX Topco Ltd now owns 74,965 shares of the technology company's stock valued at $77,000 after buying an additional 45,979 shares during the period. Two Sigma Advisers LP acquired a new stake in Tuniu during the fourth quarter valued at $109,000. Two Sigma Investments LP purchased a new position in Tuniu during the fourth quarter valued at $111,000. Finally, Acadian Asset Management LLC lifted its holdings in Tuniu by 123.6% during 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 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.