LightInTheBox (NYSE:LITB) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

LightInTheBox Holding Co., Ltd. (NYSE:LITB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.38 and traded as low as $1.16. LightInTheBox shares last traded at $1.20, with a volume of 8,365 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of LightInTheBox in a research note on Thursday, May 15th. They set a “buy” rating for the company.

LightInTheBox Stock Performance

The stock has a market cap of $22.07 million, a P/E ratio of 12.00 and a beta of 0.23. The firm’s 50 day moving average is $1.39 and its 200 day moving average is $1.38.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.01 EPS for the quarter. The firm had revenue of $47.02 million during the quarter. LightInTheBox had a net margin of 0.63% and a negative return on equity of 11.29%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. XTX Topco Ltd acquired a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned 0.07% of LightInTheBox at the end of the most recent reporting period. Institutional investors own 56.77% of the company’s stock.

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.