Tuniu (NASDAQ:TOUR) Shares Cross Below 200-Day Moving Average - What's Next?
Tuniu Corporation's stock (NASDAQ:TOUR) fell below its 200-day moving average, trading as low as $0.7221. Analysts have mixed ratings, with Wall Street Zen upgrading to 'hold' and Weiss Ratings maintaining a 'sell'. The company authorized a share buyback plan, indicating potential undervaluation. Acadian Asset Management increased its stake by 123.6%. Tuniu operates as an online leisure travel company in China.
Tuniu Corporation (NASDAQ:TOUR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.86 and traded as low as $0.7221. Tuniu shares last traded at $0.73, with a volume of 107,927 shares.
Analyst Ratings Changes
A number of research firms have recently commented on TOUR. Wall Street Zen upgraded Tuniu to a "hold" rating in a report on Saturday, August 23rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Tuniu in a report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
Read Our Latest Report on TOUR
Tuniu Trading Down 1.6%
The firm has a market capitalization of $85.45 million, a PE ratio of 14.60 and a beta of 1.73. The company has a fifty day moving average price of $0.84 and a two-hundred day moving average price of $0.86.
Tuniu announced that its Board of Directors has authorized a share buyback plan on Friday, August 15th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On Tuniu
A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC increased its holdings in shares of Tuniu Corporation (NASDAQ:TOUR - Free Report) by 123.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,781 shares of the technology company's stock after purchasing an additional 57,358 shares during the period. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 as of its most recent SEC filing.
About Tuniu
(Get Free Report)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.
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