Tuniu (NASDAQ:TOUR) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Tuniu Co. (NASDAQ:TOUR)’s stock 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 traded.

Tuniu Stock Up 1.9 %

The stock’s 50 day moving average price is $1.04 and its 200-day moving average price is $1.05. The stock has a market capitalization of $136.23 million, a PE ratio of -110,000.00 and a beta of 1.63.

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

Tuniu Dividend Announcement

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

Institutional Investors Weigh In On Tuniu

A number of institutional investors and hedge funds have recently bought and sold shares of TOUR. Rhumbline Advisers grew its position in shares of Tuniu by 166.0% during the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock worth $27,000 after buying an additional 16,110 shares in the last quarter. Virtu Financial LLC purchased a new stake in Tuniu in the fourth quarter worth about $28,000. Symmetry Peak Management LLC bought a new position in Tuniu during the 3rd quarter worth about $39,000. XTX Topco Ltd increased its position in Tuniu by 163.8% during 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 during the period. Finally, Millennium Management LLC raised its holdings 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 valued at $36,000 after purchasing an additional 16,882 shares in the last quarter.

Tuniu Company Profile

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.