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

Tuniu Corporation (NASDAQ:TOUR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tuniu in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Tuniu Trading Down 1.2%

The business’s fifty day moving average price is $4.98 and its two-hundred day moving average price is $6.07. The firm has a market cap of $55.69 million, a P/E ratio of 8.36 and a beta of 0.42.

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

Institutional Trading of Tuniu

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Tuniu during the 4th quarter valued at about $31,000. Acadian Asset Management LLC raised its stake in shares of Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock valued at $112,000 after acquiring an additional 57,358 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Tuniu by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after purchasing an additional 10,689 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.