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

Shares of Tuniu Co. (NASDAQ:TOUR) 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.

Analysts Set New Price Targets

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

Tuniu Stock Down 2.0 %

The business has a fifty 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 price-to-earnings ratio of -99,030.00 and a beta of 1.67.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings data on Thursday, December 5th. The technology company reported $0.06 earnings per share 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

A number of institutional investors have recently added to or reduced their stakes in TOUR. XTX Topco Ltd boosted 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 valued at $77,000 after purchasing an additional 45,979 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tuniu in the 3rd quarter worth approximately $50,000. Symmetry Peak Management LLC acquired a new position in shares of Tuniu in the 3rd quarter worth approximately $39,000. Virtu Financial LLC acquired a new position in shares of Tuniu in the 4th quarter worth approximately $28,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $196,000 after acquiring an additional 16,248 shares in the last quarter.

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.