LightInTheBox (NYSE:LITB) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.75 and traded as low as $1.07. LightInTheBox shares last traded at $1.09, with a volume of 13,484 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on LightInTheBox in a research note on Wednesday. They set a “buy” rating for the company.

LightInTheBox Trading Down 13.5 %

The firm has a market capitalization of $20.04 million, a P/E ratio of -3.11 and a beta of 0.95. The business’s fifty day moving average is $1.80 and its 200 day moving average is $2.75.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox at the end of the most recent quarter. 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.