Tuniu (NASDAQ:TOUR) Stock Passes Above 50-Day Moving Average – What’s Next?

Shares of Tuniu Corporation (NASDAQ:TOUR) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.67 and traded as high as $0.78. Tuniu shares last traded at $0.7218, with a volume of 186,468 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tuniu in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tuniu has a consensus rating of “Sell”.

Tuniu Price Performance

The company has a market cap of $84.49 million, a price-to-earnings ratio of 36.11 and a beta of 0.58. The business’s fifty day moving average price is $0.67 and its 200 day moving average price is $0.78.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings data on Friday, December 5th. The technology company reported $0.03 EPS for the quarter. Tuniu had a return on equity of 3.41% and a net margin of 1.09%.The company had revenue of $28.38 million for the quarter.

Institutional Trading of Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC raised its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 103,781 shares of the technology company’s stock after acquiring 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 SEC.

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.