Tuniu (NASDAQ:TOUR) Shares Cross Below 50-Day Moving Average – Should You Sell?

Tuniu Corporation (NASDAQ:TOUR)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.77 and traded as low as $0.68. Tuniu shares last traded at $0.6951, with a volume of 130,895 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Tuniu in a report on Monday, December 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Tuniu Stock Up 2.3%

The company has a market cap of $81.36 million, a price-to-earnings ratio of 34.77 and a beta of 0.46. The business’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $0.84.

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

Institutional Trading of Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC lifted its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the quarter. Acadian Asset Management LLC owned approximately 0.09% of Tuniu worth $112,000 at the end of the most recent quarter.

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.