Tuniu (NASDAQ:TOUR) Shares Cross Below 200 Day Moving Average – Here’s Why

Tuniu Corporation (NASDAQ:TOUR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.18 and traded as low as $7.00. Tuniu shares last traded at $7.37, with a volume of 34,952 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tuniu has an average rating of “Sell”.

Tuniu Trading Up 5.4%

The firm has a fifty day moving average of $7.05 and a 200 day moving average of $7.18. The company has a market capitalization of $86.23 million, a P/E ratio of 14.74 and a beta of 0.38.

Tuniu Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th will be paid a $1.197 dividend. The ex-dividend date is Monday, May 4th. This represents a dividend yield of 1,787.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tuniu stock. Jane Street Group LLC acquired a new stake in shares of Tuniu Corporation (NASDAQ:TOUR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,564 shares of the technology company’s stock, valued at approximately $31,000.

About Tuniu

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.