Tuniu (NASDAQ:TOUR) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Tuniu Co. (NASDAQ:TOUR) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.04 and traded as high as $1.12. Tuniu shares last traded at $1.10, with a volume of 257,778 shares traded.

Tuniu Stock Performance

The company has a market cap of $131.27 million, a P/E ratio of -106,000.00 and a beta of 1.35. The business’s fifty day moving average is $1.04 and its two-hundred day moving average is $1.06.

Tuniu (NASDAQ:TOUR) last announced its quarterly earnings data on Friday, March 14th. The technology company reported ($0.01) earnings per share for the quarter. The company had revenue of $14.07 million for the quarter. Tuniu had a negative net margin of 6.22% and a positive return on equity of 9.44%.

Tuniu Dividend Announcement

The business also recently declared a — dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, March 27th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Thursday, March 27th. Tuniu’s dividend payout ratio (DPR) is presently 25.00%.

Hedge Funds Weigh In On Tuniu

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP purchased a new position in shares of Tuniu during the fourth quarter worth $111,000. Two Sigma Advisers LP acquired a new position in Tuniu in the 4th quarter valued at about $109,000. XTX Topco Ltd boosted its holdings in shares of Tuniu by 158.6% in the fourth quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock valued at $77,000 after acquiring an additional 45,979 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu during the 3rd quarter worth $50,000. Finally, Millennium Management LLC boosted its position in Tuniu by 93.9% during the fourth quarter. Millennium Management LLC now owns 34,864 shares of the technology company’s stock worth $36,000 after purchasing an additional 16,882 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.