Tuniu (NASDAQ:TOUR) Share Price Passes Above Fifty Day Moving Average – Here’s Why

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 traded.

Analyst Upgrades and Downgrades

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

Tuniu Trading Down 1.9 %

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

Tuniu (NASDAQ:TOUR) last released its quarterly earnings data 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

A number of hedge funds have recently made changes to their positions in TOUR. Symmetry Peak Management LLC purchased a new position in Tuniu in the third quarter valued at about $39,000. XTX Topco Ltd raised its position in shares of Tuniu by 163.8% in the 3rd 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Tuniu during the 3rd quarter valued at approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Tuniu by 13.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after buying an additional 16,248 shares in the last quarter.

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.