LightInTheBox (NYSE:LITB) Shares Cross Above Fifty Day Moving Average – Should You Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.77 and traded as high as $3.20. LightInTheBox shares last traded at $3.1460, with a volume of 21,846 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

LightInTheBox Trading Up 3.1%

The business has a 50 day moving average of $2.77 and a two-hundred day moving average of $2.55. The firm has a market cap of $56.44 million, a P/E ratio of 6.29 and a beta of -0.05.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 56.77% of the company’s stock.

About LightInTheBox

LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.

Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.