LightInTheBox (NYSE:LITB) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.85 and traded as low as $1.06. LightInTheBox shares last traded at $1.14, with a volume of 23,365 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of LightInTheBox in a research report on Wednesday, March 12th. They set a “buy” rating on the stock.

LightInTheBox Stock Down 3.0 %

The firm’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.85. The company has a market cap of $20.87 million, a price-to-earnings ratio of -3.24 and a beta of 0.91.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 as of its most recent SEC filing. 56.77% of the stock is owned by institutional investors.

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.