LightInTheBox (NYSE:LITB) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.85 and traded as low as $1.06. LightInTheBox shares last traded at $1.14, with a volume of 23,365 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of LightInTheBox in a research report on Thursday. They issued a “buy” rating for the company.

LightInTheBox Price Performance

The stock has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.85. The company has a market capitalization of $19.30 million, a price-to-earnings ratio of -3.00 and a beta of 0.91.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox at the end of the most recent reporting period. Institutional investors and hedge funds 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.