Tuniu (NASDAQ:TOUR) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Tuniu Corporation (NASDAQ:TOUR) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.52 and traded as low as $4.85. Tuniu shares last traded at $4.93, with a volume of 40,330 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Tuniu Stock Down 0.2%

The company has a market capitalization of $54.49 million, a price-to-earnings ratio of 8.18 and a beta of 0.41. The firm has a 50 day moving average price of $5.44 and a two-hundred day moving average price of $6.37.

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

Institutional Trading of Tuniu

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in Tuniu by 123.6% in the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after acquiring an additional 57,358 shares during the last quarter. Jane Street Group LLC bought a new position in Tuniu during the 4th quarter worth $31,000. Finally, Renaissance Technologies LLC grew its stake in Tuniu by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after buying an additional 10,689 shares during the last quarter.

Tuniu Company Profile

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.