LightInTheBox (NYSE:LITB) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

LightInTheBox Holding Co., Ltd. (NYSE:LITB) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.42 and traded as low as $2.36. LightInTheBox shares last traded at $2.42, with a volume of 9,921 shares changing hands.

Analyst Upgrades and Downgrades

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

LightInTheBox Price Performance

The stock has a 50-day simple moving average of $2.35 and a 200-day simple moving average of $2.41. The stock has a market cap of $45.23 million, a P/E ratio of 5.00 and a beta of -0.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is owned by hedge funds and other institutional investors.

LightInTheBox Company Profile

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.