Tuniu (NASDAQ:TOUR) Stock Price Passes Above 50 Day Moving Average - Here's Why

Tuniu Corporation (NASDAQ:TOUR - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.83 and traded as high as $0.88. Tuniu shares last traded at $0.87, with a volume of 255,397 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Tuniu to a "hold" rating in a report on Saturday, August 23rd.

Read Our Latest Stock Report on TOUR

Tuniu Stock Performance

The firm has a market cap of $101.83 million, a PE ratio of 17.40 and a beta of 1.71. The stock has a fifty day moving average price of $0.83 and a 200-day moving average price of $0.92.

Tuniu (NASDAQ:TOUR - Get Free Report) last issued its earnings results on Friday, August 15th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Tuniu had a return on equity of 5.94% and a net margin of 5.82%.The business had revenue of $18.83 million during the quarter. Tuniu has set its Q3 2025 guidance at EPS.

Tuniu declared that its board has authorized a share buyback program on Friday, August 15th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Tuniu

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company's stock worth $112,000 after acquiring an additional 57,358 shares during the period. Two Sigma Investments LP purchased a new position in Tuniu in the 4th quarter worth approximately $111,000. Two Sigma Advisers LP purchased a new position in Tuniu in the 4th quarter worth approximately $109,000. Finally, Millennium Management LLC boosted its holdings in 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 acquiring an additional 16,882 shares during the period.

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.

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