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

Tuniu Co. (NASDAQ:TOUR)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.06 and traded as low as $0.82. Tuniu shares last traded at $0.86, with a volume of 355,297 shares traded.

Tuniu Price Performance

The company’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.06. The firm has a market cap of $106.80 million, a price-to-earnings ratio of -86,240.00 and a beta of 1.36.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results on Friday, March 14th. The technology company reported ($0.01) EPS for the quarter. The business had revenue of $14.07 million during the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%.

Tuniu Dividend Announcement

The company also recently announced a — dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, March 27th will be paid a dividend of $0.036 per share. The ex-dividend date is Thursday, March 27th. Tuniu’s payout ratio is currently 25.00%.

Hedge Funds Weigh In On Tuniu

A number of institutional investors and hedge funds have recently modified their holdings of TOUR. XTX Topco Ltd grew its stake in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 18,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tuniu during the third quarter worth $50,000. Rhumbline Advisers grew its stake in shares of Tuniu by 166.0% during the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock worth $27,000 after purchasing an additional 16,110 shares in the last quarter. Virtu Financial LLC acquired a new position in Tuniu in the fourth quarter valued at $28,000. Finally, Millennium Management LLC boosted its stake in Tuniu by 93.9% in the fourth quarter. Millennium Management LLC now owns 34,864 shares of the technology company’s stock valued at $36,000 after acquiring an additional 16,882 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.