LightInTheBox (NYSE:LITB) Shares Pass Above 50 Day Moving Average – Here’s Why

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.35 and traded as high as $2.88. LightInTheBox shares last traded at $2.74, with a volume of 26,150 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of LightInTheBox in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LightInTheBox has a consensus rating of “Sell”.

LightInTheBox Trading Up 6.6%

The company has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $1.88. The stock has a market cap of $50.39 million, a P/E ratio of 9.45 and a beta of -0.29.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. LightInTheBox had a net margin of 2.47% and a negative return on equity of 49.34%. The business had revenue of $55.46 million during the quarter.

About LightInTheBox

LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.

Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.