Tuniu (NASDAQ:TOUR) Shares Cross Above 50 Day Moving Average of $3.19

Tuniu Corp (NASDAQ:TOUR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.19 and traded as high as $3.40. Tuniu shares last traded at $3.38, with a volume of 422 shares changing hands.

A number of research analysts have recently commented on TOUR shares. BidaskClub raised Tuniu from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. ValuEngine raised Tuniu from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

The stock has a fifty day moving average price of $3.19 and a 200 day moving average price of $3.84.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). The company had revenue of $75.80 million for the quarter. Tuniu had a negative net margin of 15.87% and a negative return on equity of 4.23%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Yiheng Capital LLC grew its holdings in Tuniu by 2.2% in the 2nd quarter. Yiheng Capital LLC now owns 5,995,184 shares of the technology company’s stock valued at $19,364,000 after buying an additional 128,440 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Tuniu by 6.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,101,780 shares of the technology company’s stock valued at $3,559,000 after buying an additional 70,680 shares during the last quarter. Morgan Stanley grew its holdings in Tuniu by 174.4% in the 2nd quarter. Morgan Stanley now owns 599,325 shares of the technology company’s stock valued at $1,935,000 after buying an additional 380,893 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Tuniu in the 2nd quarter valued at approximately $139,000. 14.30% of the stock is currently owned by institutional investors and hedge funds.

About Tuniu (NASDAQ:TOUR)

Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

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