Tuniu (NASDAQ:TOUR) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tuniu Corporation (NASDAQ:TOUR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.77 and traded as low as $0.69. Tuniu shares last traded at $0.6949, with a volume of 25,769 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Tuniu Trading Down 0.9%

The stock has a 50-day simple moving average of $0.67 and a two-hundred day simple moving average of $0.77. The firm has a market capitalization of $81.34 million, a P/E ratio of 13.90 and a beta of 0.45.

Institutional Trading of Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC raised its stake in shares of Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,781 shares of the technology company’s stock after acquiring 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 reporting period.

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.