Tuniu (NASDAQ:TOUR) Stock Passes Above 50 Day Moving Average – Time to Sell?

Tuniu Co. (NASDAQ:TOUR)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.02 and traded as high as $1.04. Tuniu shares last traded at $1.03, with a volume of 83,167 shares trading hands.

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 company’s 50 day moving average is $1.02 and its 200 day moving average is $0.99. The stock has a market cap of $125.08 million, a price-to-earnings ratio of -101,000.00 and a beta of 1.70.

Tuniu (NASDAQ:TOUR) last announced its quarterly 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 Trading of Tuniu

Large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 purchasing an additional 16,248 shares during the last quarter. XTX Topco Ltd raised 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 buying an additional 18,000 shares during the last quarter. Symmetry Peak Management LLC purchased a new position in shares of Tuniu during the third quarter valued at approximately $39,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Tuniu during the third quarter worth approximately $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.