LightInTheBox (NYSE:LITB) Share Price Passes Below 200 Day Moving Average of $1.05

Shares of 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 $1.05 and traded as low as $0.78. LightInTheBox shares last traded at $0.79, with a volume of 168,425 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on LightInTheBox in a report on Thursday. They issued a “buy” rating on the stock.

LightInTheBox Stock Performance

The stock has a market capitalization of $83.38 million, a P/E ratio of -9.38 and a beta of 0.89. The business has a fifty day simple moving average of $0.83 and a 200-day simple moving average of $1.05.

LightInTheBox (NYSE:LITB) last issued its earnings results on Monday, March 25th. The technology company reported ($0.04) earnings per share for the quarter. The firm had revenue of $135.56 million during the quarter.

Hedge Funds Weigh In On LightInTheBox

A number of hedge funds and other institutional investors have recently modified their holdings of LITB. Citadel Advisors LLC purchased a new position in LightInTheBox in the fourth quarter valued at approximately $28,000. Jane Street Group LLC bought a new stake in LightInTheBox during the 2nd quarter valued at $33,000. Rhumbline Advisers raised its holdings in LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock valued at $46,000 after acquiring an additional 8,580 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in LightInTheBox by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 12,351 shares during the period. Hedge funds and other institutional investors 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.