Tuniu (NASDAQ:TOUR) Stock Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Tuniu shares fell below their 200-day moving average, trading as low as $5.10 versus the $6.07 long-term average; the stock was last down 1.2% with a market capitalization of $55.69 million.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (d)” rating, and the stock has an overall “Sell” consensus from the analyst coverage cited.
• Tuniu reported quarterly EPS of $0.04 on $19.23 million in revenue, alongside a 6.09% net margin; several institutional investors, including Renaissance Technologies and Acadian Asset Management, increased their holdings.

Tuniu Corporation (NASDAQ:TOUR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.07 and traded as low as $5.10. Tuniu shares last traded at $5.10, with a volume of 9,529 shares changing hands.

Analyst Upgrades and Downgrades

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

Tuniu Stock Down 1.2%

The business's 50-day moving average price is $4.98 and its 200-day moving average price is $6.07. The firm has a market capitalization of $55.69 million, a PE ratio of 8.36 and a beta of 0.42.

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

Hedge Funds Weigh In On Tuniu

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Tuniu by 6.4% in the first 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 acquired a new stake in Tuniu during the fourth quarter valued at $31,000. Finally, Acadian Asset Management LLC boosted its position 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 during the last quarter.

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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