Tuniu (NASDAQ:TOUR) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tuniu Corporation (NASDAQ:TOUR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.95 and traded as low as $6.00. Tuniu shares last traded at $6.27, with a volume of 21,683 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tuniu has an average rating of “Sell”.

Tuniu Stock Performance

The stock has a fifty day moving average of $6.84 and a 200 day moving average of $6.95. The company has a market capitalization of $68.47 million, a PE ratio of 12.54 and a beta of 0.39.

Tuniu Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were issued a $1.197 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a yield of 1,897.0%. Tuniu’s payout ratio is currently 236.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TOUR. Jane Street Group LLC purchased a new position in Tuniu in the 4th quarter worth approximately $31,000. Acadian Asset Management LLC raised its holdings in shares of Tuniu by 123.6% during the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after acquiring an additional 57,358 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of 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 acquiring 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.