LightInTheBox (NYSE:LITB) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.35 and traded as high as $2.88. LightInTheBox shares last traded at $2.74, with a volume of 26,150 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of LightInTheBox in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

LightInTheBox Price Performance

The company has a market capitalization of $50.39 million, a PE ratio of 9.45 and a beta of -0.29. The firm’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $1.88.

LightInTheBox (NYSE:LITB) last released its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.15 EPS for the quarter. LightInTheBox had a negative return on equity of 49.34% and a net margin of 2.47%.The business had revenue of $55.46 million for the quarter.

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.