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

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s stock price 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.

Wall Street Analysts Forecast Growth

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

LightInTheBox Trading Down 1.8 %

The business has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.73. The company has a market cap of $40.26 million, a PE ratio of -6.26 and a beta of 0.27.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $57.75 million for 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 purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 quarter. 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.