LightInTheBox (NYSE:LITB) Shares Pass Above 50 Day Moving Average – Time to Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.05 and traded as high as $3.31. LightInTheBox shares last traded at $3.2950, with a volume of 7,475 shares.

Analysts Set New Price Targets

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

LightInTheBox Trading Up 2.0%

The company’s 50-day moving average is $3.05 and its 200-day moving average is $2.69. The firm has a market cap of $59.11 million and a price-to-earnings ratio of 6.59.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent SEC filing. Institutional investors and hedge funds own 56.77% of the company’s stock.

About LightInTheBox

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.