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

Tuniu Co. (NASDAQ:TOUR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.00 and traded as low as $0.98. Tuniu shares last traded at $0.99, with a volume of 710,290 shares changing hands.

Wall Street Analyst Weigh In

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

Tuniu Price Performance

The business has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $1.01.

Tuniu (NASDAQ:TOUR) last announced its earnings results 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%.

Institutional Investors Weigh In On Tuniu

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd boosted its position in shares of Tuniu by 158.6% during the 4th quarter. XTX Topco Ltd now owns 74,965 shares of the technology company’s stock valued at $77,000 after purchasing an additional 45,979 shares in the last quarter. Virtu Financial LLC bought a new position in Tuniu in the fourth quarter worth approximately $28,000. Rhumbline Advisers boosted its holdings in Tuniu by 166.0% in the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock worth $27,000 after acquiring an additional 16,110 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Tuniu in the third quarter worth approximately $50,000. Finally, Symmetry Peak Management LLC bought a new position in Tuniu in the third quarter worth approximately $39,000.

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.