LightInTheBox (NYSE:LITB) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.44 and traded as low as $2.39. LightInTheBox shares last traded at $2.38, with a volume of 8,654 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LightInTheBox has a consensus rating of “Sell”.

LightInTheBox Stock Performance

The firm has a market cap of $43.05 million, a P/E ratio of 5.29 and a beta of -0.17. The company’s 50 day moving average is $2.47 and its 200 day moving average is $2.44.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox at the end of the most recent reporting period. Institutional investors own 56.77% of the company’s stock.

LightInTheBox Company Profile

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.