LightInTheBox (NYSE:LITB) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

LightInTheBox Holding Co., Ltd. (NYSE:LITBGet Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.13 and traded as high as $3.13. LightInTheBox shares last traded at $3.10, with a volume of 1,878 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Research Report on LITB

LightInTheBox Price Performance

The company’s 50 day moving average is $3.13 and its 200 day moving average is $2.72. The stock has a market cap of $55.61 million and a price-to-earnings ratio of 6.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITBFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent SEC filing. Institutional investors and hedge funds own 56.77% of the company’s stock.

LightInTheBox Company Profile

(Get Free Report)

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.

Further Reading

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