Tuniu (NASDAQ:TOUR) Shares Gap Down – Here’s Why

Tuniu Corporation (NASDAQ:TOUR)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.51, but opened at $6.23. Tuniu shares last traded at $6.42, with a volume of 137,248 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Tuniu in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tuniu presently has a consensus rating of “Sell”.

Tuniu Stock Performance

The company has a market cap of $78.39 million, a PE ratio of 13.40 and a beta of 0.38. The company’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $7.25.

Tuniu Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be given a $1.197 dividend. This represents a yield of 1,787.0%. The ex-dividend date of this dividend is Monday, May 4th.

Institutional Investors Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC raised its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the period. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent filing with the Securities and 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.