Tuniu (NASDAQ:TOUR) Shares Cross Below 50-Day Moving Average – What’s Next?

Tuniu Corporation (NASDAQ:TOUR)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.03 and traded as low as $4.99. Tuniu shares last traded at $5.0910, with a volume of 10,538 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, Tuniu presently has a consensus rating of “Sell”.

Tuniu Trading Down 3.4%

The company has a 50-day simple moving average of $5.04 and a 200 day simple moving average of $5.75. The company has a market cap of $55.36 million, a P/E ratio of 15.84 and a beta of 0.44.

Tuniu (NASDAQ:TOUR) last released its earnings results on Wednesday, August 26th. The technology company reported $0.03 earnings per share for the quarter. The business had revenue of $20.45 million during the quarter. Tuniu had a return on equity of 3.17% and a net margin of 3.73%.

Institutional Investors Weigh In On Tuniu

A hedge fund recently bought a new stake in Tuniu stock. Yiheng Capital Management L.P. bought a new position in shares of Tuniu Corporation (NASDAQ:TOUR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,443 shares of the technology company’s stock, valued at approximately $152,000. Tuniu accounts for approximately 0.1% of Yiheng Capital Management L.P.’s portfolio, making the stock its 25th biggest holding. Yiheng Capital Management L.P. owned approximately 0.29% of Tuniu at the end of the most recent reporting period.

About Tuniu

Tuniu Corporation (NASDAQ: TOUR) is a China-based online leisure travel company that provides travel products and related services through its Tuniu.com website, mobile applications and other platforms. The company primarily serves Chinese consumers planning domestic and international leisure trips.

Tuniu offers organized and packaged tours, self-guided travel products, hotel accommodations, transportation arrangements, attraction tickets, visa assistance, travel insurance and other travel-related services.