LightInTheBox (NYSE:LITB) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.77 and traded as high as $3.20. LightInTheBox shares last traded at $3.1460, with a volume of 21,846 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LightInTheBox has a consensus rating of “Sell”.

LightInTheBox Trading Up 3.1%

The company has a market cap of $56.44 million, a P/E ratio of 6.29 and a beta of -0.05. The business has a 50 day moving average price of $2.77 and a 200-day moving average price of $2.55.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is owned by 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.