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

Tuniu Corporation (NASDAQ:TOUR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.99 and traded as low as $4.87. Tuniu shares last traded at $4.87, with a volume of 8,577 shares trading hands.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, Tuniu currently has a consensus rating of “Sell”.

Tuniu Stock Down 1.6%

The stock’s 50 day moving average price is $4.94 and its 200-day moving average price is $5.99. The stock has a market capitalization of $53.18 million, a PE ratio of 7.98 and a beta of 0.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of Tuniu in the 4th quarter worth approximately $31,000. Acadian Asset Management LLC lifted its position in Tuniu by 123.6% during the first 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 during the last quarter. Renaissance Technologies LLC lifted its position in Tuniu by 6.4% during the first quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock valued at $138,000 after acquiring an additional 10,689 shares during the last quarter. Finally, Yiheng Capital Management L.P. acquired a new stake in Tuniu in the second quarter valued at approximately $152,000.

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.