Tuniu (NASDAQ:TOUR) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Tuniu shares fell below their 200-day moving average, trading as low as $4.87 versus the $5.99 average, with the stock down 1.6%.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (d)” rating, and the sole analyst covering the stock rates it “Sell.”
• Tuniu reported quarterly revenue of $19.23 million and earnings of $0.04 per share, while several institutional investors recently initiated or increased positions.

Shares of Tuniu Corporation (NASDAQ:TOUR - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.99 and traded as low as $4.87. Tuniu shares last traded at $4.87, with a volume of 8,577 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Tuniu in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Tuniu Trading Down 1.6%

The business's 50 day simple moving average is $4.94 and its 200 day simple moving average is $5.99. The firm has a market capitalization of $53.18 million, a PE ratio of 7.98 and a beta of 0.42.

Tuniu (NASDAQ:TOUR - Get Free Report) last announced its earnings results on Friday, June 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter. Tuniu had a net margin of 6.09% and a return on equity of 4.57%. The firm had revenue of $19.23 million for the quarter.

Hedge Funds Weigh In On Tuniu

Institutional investors and hedge funds have recently modified their holdings of the stock. Yiheng Capital Management L.P. bought a new position in Tuniu during the second quarter valued at $152,000. Renaissance Technologies LLC lifted its holdings in shares of Tuniu by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company's stock worth $138,000 after acquiring an additional 10,689 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Tuniu during the 4th quarter worth about $31,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Tuniu by 123.6% during the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company's stock worth $112,000 after purchasing an additional 57,358 shares during the period.

About Tuniu

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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