LightInTheBox (NYSE:LITB) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.88 and traded as low as $2.80. LightInTheBox shares last traded at $2.80, with a volume of 10,478 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of LightInTheBox from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Stock Report on LightInTheBox

LightInTheBox Stock Performance

The stock has a market cap of $53.94 million, a P/E ratio of 6.30 and a beta of 0.02. The business has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $2.88.

LightInTheBox (NYSE:LITB – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.09 earnings per share for the quarter. The company had revenue of $56.81 million for the quarter. LightInTheBox had a net margin of 3.91% and a negative return on equity of 231.00%.

Insider Activity

In related news, CEO Jian He purchased 4,254,553 shares of LightInTheBox stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $0.26 per share, for a total transaction of $1,106,183.78. Following the completion of the transaction, the chief executive officer owned 4,254,553 shares in the company, valued at $1,106,183.78. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 62.20% of the stock is currently owned by corporate insiders.

LightInTheBox Company Profile

(Get Free Report)

LightInTheBox Holding Co, Ltd. (NYSE:LITB) is a global online retail company that sells products directly to consumers through websites and mobile applications. The company serves customers in multiple international markets and uses cross-border e-commerce to connect suppliers with shoppers outside its home market.

Its merchandise offerings have included apparel, fashion accessories, footwear, home and garden products, consumer electronics, beauty products, and other general merchandise.

Further Reading

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