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

Shares of Tuniu Co. (NASDAQ:TOUR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.00 and traded as high as $1.07. Tuniu shares last traded at $0.99, with a volume of 710,290 shares trading hands.

Analyst Ratings Changes

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

Tuniu Trading Down 2.0 %

The firm has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.00. The company has a market capitalization of $122.64 million, a PE ratio of -99,030.00 and a beta of 1.67.

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 Trading of Tuniu

Several hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Tuniu by 13.4% in 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 buying an additional 16,248 shares during the period. XTX Topco Ltd raised its holdings in Tuniu by 158.6% during the fourth quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock worth $77,000 after purchasing an additional 45,979 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tuniu during the third quarter worth $50,000. Symmetry Peak Management LLC acquired a new position in Tuniu during the third quarter worth $39,000. Finally, Virtu Financial LLC acquired a new position in Tuniu during the fourth quarter worth $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.