Tuniu (NASDAQ:TOUR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Tuniu Corporation (NASDAQ:TOUR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.15 and traded as low as $4.95. Tuniu shares last traded at $4.95, with a volume of 1,466 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tuniu in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tuniu currently has an average rating of “Sell”.

Tuniu Price Performance

The company’s fifty day moving average price is $5.04 and its 200 day moving average price is $6.12. The company has a market cap of $56.54 million, a PE ratio of 8.49 and a beta of 0.42.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Friday, June 5th. The technology company reported $0.04 earnings per share for the quarter. Tuniu had a net margin of 6.09% and a return on equity of 4.57%. The business had revenue of $19.23 million for the quarter.

Institutional Investors Weigh In On Tuniu

Several large investors have recently made changes to their positions in TOUR. Acadian Asset Management LLC increased its holdings in Tuniu by 123.6% during the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after buying an additional 57,358 shares during the last quarter. Jane Street Group LLC bought a new stake in Tuniu during the 4th quarter valued at $31,000. Finally, Renaissance Technologies LLC lifted its holdings in Tuniu by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after purchasing an additional 10,689 shares in the last quarter.

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.