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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

LightInTheBox Stock Up 2.9 %

The firm has a 50 day simple moving average of $1.09 and a two-hundred day simple moving average of $1.85. The stock has a market capitalization of $19.30 million, a P/E ratio of -3.00 and a beta of 0.91.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 quarter. 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.