Tuniu (NASDAQ:TOUR) Shares Pass Above 50-Day Moving Average – Time to Sell?

Tuniu Corporation (NASDAQ:TOUR)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.67 and traded as high as $0.78. Tuniu shares last traded at $0.7218, with a volume of 186,468 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Tuniu in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tuniu presently has a consensus rating of “Sell”.

Tuniu Stock Up 13.2%

The firm has a market capitalization of $84.49 million, a P/E ratio of 36.11 and a beta of 0.58. The business’s 50 day moving average is $0.67 and its 200-day moving average is $0.78.

Tuniu (NASDAQ:TOUR) last issued its earnings results on Friday, December 5th. The technology company reported $0.03 earnings per share for the quarter. Tuniu had a return on equity of 3.41% and a net margin of 1.09%.The firm had revenue of $28.38 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC grew its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 103,781 shares of the technology company’s stock after acquiring an additional 57,358 shares during the period. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent filing with the SEC.

Tuniu Company Profile

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.