LightInTheBox (NYSE:LITB) Stock Crosses Below 200-Day Moving Average of $1.04

Shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.04 and traded as low as $0.69. LightInTheBox shares last traded at $0.76, with a volume of 9,619 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of LightInTheBox in a report on Friday. They issued a “buy” rating for the company.

LightInTheBox Price Performance

The business has a 50-day simple moving average of $0.81 and a 200-day simple moving average of $1.04. The firm has a market capitalization of $84.49 million, a PE ratio of -9.50 and a beta of 0.89.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings data on Monday, March 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $135.56 million during the quarter.

LightInTheBox Company Profile

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides apparel products; and other general merchandise products, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices, and other products.