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

Tuniu Corporation (NASDAQ:TOUR) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.52 and traded as low as $4.85. Tuniu shares last traded at $4.93, with a volume of 40,330 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Tuniu Price Performance

The stock has a 50-day simple moving average of $5.52 and a 200-day simple moving average of $6.39. The stock has a market cap of $53.84 million, a P/E ratio of 8.08 and a beta of 0.41.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results on Friday, June 5th. The technology company reported $0.04 earnings per share for the quarter. The company had revenue of $19.23 million for the quarter. Tuniu had a net margin of 6.09% and a return on equity of 4.57%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Tuniu during the 4th quarter valued at $31,000. Acadian Asset Management LLC increased its holdings in Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after purchasing an additional 57,358 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Tuniu by 6.4% in 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 in the last quarter.

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.