LightInTheBox (NYSE:LITB) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.74 and traded as high as $2.27. LightInTheBox shares last traded at $2.19, with a volume of 76,419 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on LightInTheBox in a research note on Saturday. They issued a “buy” rating on the stock.

LightInTheBox Price Performance

The company has a market cap of $40.26 million, a PE ratio of -6.26 and a beta of 0.27. The company’s 50 day simple moving average is $1.18 and its two-hundred day simple moving average is $1.73.

LightInTheBox (NYSE:LITB) last announced its earnings results on Tuesday, March 25th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $57.75 million during the quarter.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.