Tuniu (NASDAQ:TOUR) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Tuniu Co. (NASDAQ:TOUR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.00 and traded as low as $0.99. Tuniu shares last traded at $0.99, with a volume of 67,155 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tuniu from a “hold” rating to a “buy” rating in a research report on Friday, November 29th.

Tuniu Stock Up 1.5 %

The stock has a market cap of $125.08 million, a P/E ratio of -101,000.00 and a beta of 1.67. The business has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.00.

Tuniu (NASDAQ:TOUR) last released its earnings results on Thursday, December 5th. The technology company reported $0.06 earnings per share for the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%.

Institutional Trading of Tuniu

A number of large investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Tuniu by 166.0% during the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock worth $27,000 after acquiring an additional 16,110 shares in the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of Tuniu in the 3rd quarter worth approximately $39,000. XTX Topco Ltd boosted its stake in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 18,000 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Tuniu during the third quarter valued at approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Tuniu by 13.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after buying an additional 16,248 shares in the last quarter.

Tuniu Company Profile

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.