LightInTheBox (NYSE:LITB) Shares Cross Above Fifty Day Moving Average – Time to Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.26 and traded as high as $1.42. LightInTheBox shares last traded at $1.35, with a volume of 5,796 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of LightInTheBox in a research report on Thursday, May 15th. They issued a “buy” rating on the stock.

LightInTheBox Stock Performance

The stock’s 50-day moving average is $1.26 and its 200 day moving average is $1.30. The stock has a market capitalization of $24.84 million, a PE ratio of 13.51 and a beta of 0.07.

LightInTheBox (NYSE:LITB) last posted its earnings results on Tuesday, May 13th. The technology company reported $0.01 EPS for the quarter. LightInTheBox had a net margin of 0.63% and a negative return on equity of 11.29%. The firm had revenue of $47.02 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. XTX Topco Ltd acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.07% of LightInTheBox as of its most recent filing with the SEC. Hedge funds and other institutional investors own 56.77% of the company’s stock.

About LightInTheBox

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.