LightInTheBox (NYSE:LITB) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.51 and traded as low as $1.77. LightInTheBox shares last traded at $1.93, with a volume of 8,351 shares.

Analyst Ratings Changes

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

LightInTheBox Price Performance

The firm has a market cap of $35.49 million, a price-to-earnings ratio of -5.36 and a beta of 0.98. The stock has a 50-day moving average price of $2.57 and a 200 day moving average price of $3.51.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 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.

About LightInTheBox

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.