Tuniu (NASDAQ:TOUR) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Tuniu Co. (NASDAQ:TOUR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.00 and traded as high as $1.07. Tuniu shares last traded at $0.99, with a volume of 710,290 shares.

Wall Street Analyst Weigh In

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

Tuniu Price Performance

The firm has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $1.00. The company has a market cap of $122.64 million, a PE ratio of -99,030.00 and a beta of 1.67.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Thursday, December 5th. The technology company reported $0.06 earnings per share 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

Several hedge funds have recently bought and sold shares of TOUR. Rhumbline Advisers grew its position in shares of Tuniu by 166.0% in the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after purchasing an additional 16,110 shares during the period. Virtu Financial LLC purchased a new stake in shares of Tuniu in the fourth quarter valued at $28,000. Symmetry Peak Management LLC purchased a new stake in shares of Tuniu in the third quarter valued at $39,000. XTX Topco Ltd grew its position in shares of Tuniu by 163.8% in the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 18,000 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu in the third quarter valued at $50,000.

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.