Tuniu (NASDAQ:TOUR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Tuniu Co. (NASDAQ:TOUR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Tuniu Price Performance

The company’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.01.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results 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 Investors Weigh In On Tuniu

A number of institutional investors have recently made changes to their positions in TOUR. Rhumbline Advisers grew its holdings in shares of Tuniu by 166.0% in the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after purchasing an additional 16,110 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Tuniu in the fourth quarter valued at approximately $28,000. Symmetry Peak Management LLC acquired a new position in shares of Tuniu in the third quarter valued at approximately $39,000. XTX Topco Ltd grew its holdings 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 valued at $41,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Tuniu in the third quarter valued at approximately $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.