LightInTheBox (NYSE:LITB) Shares Pass Below 200 Day Moving Average – Here’s Why

LightInTheBox Holding Co., Ltd. (NYSE:LITB) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.43 and traded as low as $1.03. LightInTheBox shares last traded at $1.11, with a volume of 4,872 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on LightInTheBox in a research report on Friday. They set a “buy” rating on the stock.

LightInTheBox Stock Up 8.8 %

The stock has a market capitalization of $20.61 million, a P/E ratio of -3.20 and a beta of 0.95. The company has a 50 day moving average of $1.55 and a 200-day moving average of $2.41.

LightInTheBox (NYSE:LITB) last released its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox at the end of the most recent quarter. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.