Tuniu (NASDAQ:TOUR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Tuniu Corporation (NASDAQ:TOUR)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.6777. Tuniu shares last traded at $0.68, with a volume of 23,350 shares trading hands.

Analyst Ratings Changes

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

Tuniu Stock Performance

The stock has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.77. The stock has a market capitalization of $79.59 million, a PE ratio of 34.02 and a beta of 0.45.

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

Institutional Investors Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC grew its holdings in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.09% of Tuniu worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

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.