LightInTheBox Holding Co., Ltd. (NYSE:LITB - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of LightInTheBox in a research note on Thursday. They issued a "buy" rating on the stock.
View Our Latest Report on LITB
LightInTheBox Stock Performance
The business's 50 day moving average price is $0.84 and its 200-day moving average price is $1.05. The firm has a market capitalization of $86.99 million, a PE ratio of -10.11 and a beta of 0.89.
LightInTheBox (NYSE:LITB - Get Free Report) last announced its earnings results on Monday, March 25th. The technology company reported ($0.04) earnings per share for the quarter. The company had revenue of $135.56 million for the quarter.
Institutional Investors Weigh In On LightInTheBox
Several large investors have recently added to or reduced their stakes in LITB. Jane Street Group LLC purchased a new stake in LightInTheBox during the 2nd quarter worth approximately $33,000. Renaissance Technologies LLC grew 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 worth $1,227,000 after acquiring an additional 12,351 shares in the last quarter. Rhumbline Advisers grew its holdings in LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company's stock worth $46,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in LightInTheBox during the 4th quarter worth approximately $28,000. 56.77% of the stock is owned by hedge funds and other institutional investors.
About LightInTheBox
(
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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.
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