Tuniu (NASDAQ:TOUR) Stock Passes Below 200 Day Moving Average – What’s Next?

Tuniu Co. (NASDAQ:TOUR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.00 and traded as low as $0.98. Tuniu shares last traded at $0.99, with a volume of 710,290 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tuniu from a “hold” rating to a “buy” rating in a research report on Friday, November 29th.

Tuniu Price Performance

The stock has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $1.01.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results on Thursday, December 5th. The technology company reported $0.06 EPS for the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%.

Institutional Investors Weigh In On Tuniu

Several large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Tuniu by 13.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after buying an additional 16,248 shares during the period. XTX Topco Ltd raised its position in Tuniu by 158.6% during the fourth quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock valued at $77,000 after purchasing an additional 45,979 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Tuniu during the third quarter valued at about $50,000. Symmetry Peak Management LLC purchased a new stake in Tuniu during the third quarter valued at about $39,000. Finally, Virtu Financial LLC purchased a new position in shares of Tuniu in the fourth quarter worth about $28,000.

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.