Tuniu (NASDAQ:TOUR) Shares Pass Below 200 Day Moving Average – Should You Sell?

Tuniu Corporation (NASDAQ:TOUR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.76 and traded as low as $0.67. Tuniu shares last traded at $0.7250, with a volume of 256,872 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Tuniu in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Tuniu Trading Up 3.4%

The firm’s fifty day moving average price is $0.67 and its 200-day moving average price is $0.76. The company has a market cap of $84.86 million, a P/E ratio of 14.50 and a beta of 0.45.

Shares of Tuniu are scheduled to reverse split on the morning of Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 21st.

Hedge Funds Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC grew its position in Tuniu Corporation (NASDAQ:TOUR) by 123.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,781 shares of the technology company’s stock after acquiring an additional 57,358 shares during the quarter. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent SEC filing.

Tuniu Company Profile

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.