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

Tuniu Co. (NASDAQ:TOUR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.02 and traded as low as $1.00. Tuniu shares last traded at $1.03, with a volume of 202,462 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 company has a market capitalization of $127.56 million, a P/E ratio of -103,000.00 and a beta of 1.67. The stock has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.02.

Tuniu (NASDAQ:TOUR) last released its 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 company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 worth $196,000 after acquiring an additional 16,248 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Tuniu in the 4th quarter worth about $111,000. Two Sigma Advisers LP purchased a new stake in Tuniu in the 4th quarter worth about $109,000. XTX Topco Ltd increased its holdings in Tuniu by 158.6% in the 4th quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock worth $77,000 after acquiring an additional 45,979 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Tuniu in the 3rd quarter worth about $50,000.

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.