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Tuniu (NASDAQ:TOUR) Shares Pass Above 50-Day Moving Average - Here's What Happened

Tuniu logo with Computer and Technology background
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Tuniu Co. (NASDAQ:TOUR - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.04 and traded as high as $1.12. Tuniu shares last traded at $1.10, with a volume of 257,778 shares.

Tuniu Stock Down 6.0 %

The company has a market capitalization of $122.23 million, a price-to-earnings ratio of -98,700.00 and a beta of 1.35. The stock has a fifty day moving average price of $1.04 and a two-hundred day moving average price of $1.06.

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

Tuniu Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Thursday, April 24th. Shareholders 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 dividend payout ratio is presently 25.00%.

Hedge Funds Weigh In On Tuniu

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in 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 during the last quarter. Virtu Financial LLC acquired a new stake in shares of Tuniu during the 4th quarter worth $28,000. Millennium Management LLC raised its position in shares of Tuniu by 93.9% in the 4th quarter. Millennium Management LLC now owns 34,864 shares of the technology company's stock worth $36,000 after buying an additional 16,882 shares during the period. XTX Topco Ltd lifted its stake in shares of Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company's stock valued at $41,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Tuniu during the third quarter valued at approximately $50,000.

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Tuniu Company Profile

(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.

Further Reading

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