Tuniu (NASDAQ:TOUR) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Tuniu Corporation (NASDAQ:TOUR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.86 and traded as low as $0.7221. Tuniu shares last traded at $0.73, with a volume of 107,927 shares trading hands.

Analyst Upgrades and Downgrades

TOUR has been the topic of several recent research reports. Wall Street Zen raised shares of Tuniu to a “hold” rating in a research note on Saturday, August 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Tuniu in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tuniu presently has an average rating of “Sell”.

Tuniu Trading Down 1.6%

The firm has a fifty day moving average price of $0.84 and a 200 day moving average price of $0.86. The firm has a market cap of $85.45 million, a PE ratio of 14.60 and a beta of 1.73.

Tuniu announced that its board has approved a stock buyback plan on Friday, August 15th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC grew its holdings in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the period. Acadian Asset Management LLC owned approximately 0.09% of Tuniu worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

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.