Tuniu (NASDAQ:TOUR) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Tuniu Corporation (NASDAQ:TOUR) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.96 and traded as high as $5.03. Tuniu shares last traded at $4.95, with a volume of 6,491 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tuniu in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tuniu currently has a consensus rating of “Sell”.

Tuniu Trading Up 5.1%

The company has a market capitalization of $56.78 million, a price-to-earnings ratio of 16.25 and a beta of 0.44. The firm’s 50 day simple moving average is $4.97 and its 200-day simple moving average is $5.90.

Tuniu (NASDAQ:TOUR) last issued its earnings results on Tuesday, August 25th. The technology company reported $0.03 earnings per share for the quarter. The business had revenue of $20.45 million for the quarter. Tuniu had a net margin of 3.73% and a return on equity of 3.17%.

Institutional Investors Weigh In On Tuniu

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Tuniu in the 4th quarter valued at about $31,000. Acadian Asset Management LLC lifted its stake in shares of Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock valued at $112,000 after purchasing an additional 57,358 shares in the last quarter. Renaissance Technologies LLC boosted its position in Tuniu by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after purchasing an additional 10,689 shares during the period. Finally, Yiheng Capital Management L.P. purchased a new stake in shares of Tuniu during the second quarter valued at approximately $152,000.

About Tuniu

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.