LightInTheBox (NYSE:LITB) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

LightInTheBox Holding Co., Ltd. (NYSE:LITB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.83 and traded as high as $3.21. LightInTheBox shares last traded at $3.0850, with a volume of 8,631 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised LightInTheBox from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, LightInTheBox currently has an average rating of “Hold”.

LightInTheBox Stock Performance

The company’s 50-day moving average price is $3.12 and its 200 day moving average price is $2.83. The stock has a market capitalization of $55.04 million, a PE ratio of 6.43 and a beta of 0.01.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.09 earnings per share (EPS) for the quarter. LightInTheBox had a net margin of 3.91% and a negative return on equity of 231.00%. The company had revenue of $56.81 million for the quarter.

Insider Buying and Selling at LightInTheBox

In other news, CEO Jian He bought 4,254,553 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $0.26 per share, with a total value of $1,106,183.78. Following the transaction, the chief executive officer owned 4,254,553 shares of the company’s stock, valued at approximately $1,106,183.78. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 62.20% of the company’s stock.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox at the end of the most recent quarter. Institutional investors own 56.77% of the company’s stock.

LightInTheBox Company Profile

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.