LightInTheBox (NYSE:LITB) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed 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 changing hands.

Analyst Ratings Changes

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

LightInTheBox Trading Up 8.8 %

The company has a fifty day simple moving average of $1.55 and a 200-day simple moving average of $2.41. The stock has a market cap of $20.61 million, a price-to-earnings ratio of -3.20 and a beta of 0.95.

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

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is owned by hedge funds and other institutional investors.

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.