Shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB - Get Free Report) crossed 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.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded LightInTheBox from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Read Our Latest Report on LITB
LightInTheBox Price Performance
The business's 50 day moving average price is $3.12 and its 200 day moving average price is $2.83. The firm has a market cap of $55.01 million, a PE ratio of 6.43 and a beta of 0.01.
LightInTheBox (NYSE:LITB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.09 earnings per share for the quarter. LightInTheBox had a net margin of 3.91% and a negative return on equity of 231.00%. The firm 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 shares were acquired at an average price of $0.26 per share, for a total transaction of $1,106,183.78. Following the completion of the transaction, the chief executive officer directly owned 4,254,553 shares in the company, valued at $1,106,183.78. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 62.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,497 shares of the technology company's stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 56.77% of the company's stock.
LightInTheBox Company Profile
(
Get Free Report)
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.
Further Reading
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