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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) shares 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of LightInTheBox in a report on Wednesday, March 12th. They issued a “buy” rating on the stock.

LightInTheBox Trading Down 3.0 %

The firm’s fifty day moving average price is $1.10 and its 200-day moving average price is $1.85. The company has a market cap of $20.87 million, a P/E ratio of -3.24 and a beta of 0.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 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 as of its most recent filing with the SEC. 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.