LightInTheBox (NYSE:LITB) Shares Cross Below Two Hundred Day Moving Average of $1.05

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 $1.05 and traded as low as $0.78. LightInTheBox shares last traded at $0.79, with a volume of 168,425 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on LightInTheBox in a research report on Thursday. They set a “buy” rating for the company.

LightInTheBox Stock Down 1.6 %

The business has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $1.05. The company has a market cap of $87.94 million, a price-to-earnings ratio of -9.89 and a beta of 0.89.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings data on Monday, March 25th. The technology company reported ($0.04) EPS for the quarter. The company had revenue of $135.56 million during the quarter.

Hedge Funds Weigh In On LightInTheBox

Several hedge funds and other institutional investors have recently modified their holdings of LITB. Citadel Advisors LLC acquired a new position in LightInTheBox during the 4th quarter worth approximately $28,000. Jane Street Group LLC acquired a new position in LightInTheBox during the 2nd quarter worth approximately $33,000. Rhumbline Advisers lifted its position in LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in LightInTheBox by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after acquiring an additional 12,351 shares in the last quarter. 56.77% of the stock is owned by institutional investors and hedge funds.

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.