Tuniu (NASDAQ:TOUR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Tuniu Co. (NASDAQ:TOUR)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.00 and traded as low as $0.99. Tuniu shares last traded at $0.99, with a volume of 67,155 shares trading hands.

Analysts Set New Price Targets

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

Tuniu Stock Performance

The firm has a market capitalization of $123.19 million, a price-to-earnings ratio of -99,470.00 and a beta of 1.67. The firm’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.00.

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 negative net margin of 6.22% and a positive return on equity of 9.44%.

Institutional Investors Weigh In On Tuniu

Hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Tuniu by 13.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after purchasing an additional 16,248 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Tuniu in the third quarter valued at $50,000. XTX Topco Ltd raised its position in shares of Tuniu by 163.8% in the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after acquiring an additional 18,000 shares during the period. Symmetry Peak Management LLC purchased a new stake in shares of Tuniu during the 3rd quarter worth about $39,000. Finally, Rhumbline Advisers grew its position in shares of Tuniu by 166.0% during the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after acquiring an additional 16,110 shares during the period.

About Tuniu

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.