Tuniu (NASDAQ:TOUR) Share Price Passes Below 200 Day Moving Average – What’s Next?

Tuniu Co. (NASDAQ:TOUR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.00 and traded as low as $0.98. Tuniu shares last traded at $0.99, with a volume of 710,290 shares traded.

Analysts Set New Price Targets

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

Tuniu Stock Performance

The firm’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.00. The stock has a market cap of $122.64 million, a P/E ratio of -99,030.00 and a beta of 1.67.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings data on Thursday, December 5th. The technology company reported $0.06 earnings per share for the quarter. Tuniu had a negative net margin of 6.22% and a positive return on equity of 9.44%.

Institutional Trading of Tuniu

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its position in shares of Tuniu by 158.6% during the 4th quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock valued at $77,000 after acquiring an additional 45,979 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tuniu during the 4th quarter valued at $28,000. Rhumbline Advisers raised 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Tuniu during the 3rd quarter valued at $50,000. Finally, Symmetry Peak Management LLC bought a new stake in shares of Tuniu during the 3rd quarter valued at $39,000.

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.