Tuniu (NASDAQ:TOUR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Tuniu Co. (NASDAQ:TOUR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.00 and traded as low as $0.99. Tuniu shares last traded at $0.99, with a volume of 67,155 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tuniu from a “hold” rating to a “buy” rating in a report on Friday, November 29th.

Tuniu Trading Up 0.2 %

The company has a fifty day moving average of $1.02 and a 200-day moving average of $1.00. The company has a market capitalization of $123.19 million, a price-to-earnings ratio of -99,470.00 and a beta of 1.67.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings data on Thursday, December 5th. The technology company reported $0.06 EPS for the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%.

Hedge Funds Weigh In On Tuniu

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Tuniu by 166.0% in the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after acquiring an additional 16,110 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Tuniu in the third quarter valued at approximately $39,000. XTX Topco Ltd lifted its position in Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after buying an additional 18,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tuniu during the third quarter worth $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Tuniu by 13.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after buying an additional 16,248 shares in the last quarter.

About Tuniu

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.