LightInTheBox (NYSE:LITB) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• LightInTheBox shares crossed above their 200-day moving average, trading as high as $2.85 versus the $2.83 average, and last changing hands at $2.8950.
• Weiss Ratings upgraded the stock from “sell” to “hold,” while the broader analyst consensus remains Hold; only one analyst currently covers the company.
• The company reported quarterly EPS of $0.09 on $56.81 million in revenue, but posted a negative 231% return on equity. CEO Jian He purchased more than 4.25 million shares, and insiders own 62.2% of the company.

LightInTheBox Holding Co., Ltd. (NYSE:LITB - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.83 and traded as high as $2.85. LightInTheBox shares last traded at $2.8950, with a volume of 1,009 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of LightInTheBox from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Monday, August 31st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, LightInTheBox presently has a consensus rating of "Hold".

LightInTheBox Price Performance

The stock's fifty day moving average is $3.00 and its 200-day moving average is $2.83. The stock has a market cap of $51.62 million, a PE ratio of 6.03 and a beta of 0.02.

LightInTheBox (NYSE:LITB - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.09 EPS for the quarter. LightInTheBox had a negative return on equity of 231.00% and a net margin of 3.91%. The firm had revenue of $56.81 million for the quarter.

Insiders Place Their Bets

In related news, CEO Jian He bought 4,254,553 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $0.26 per share, for a total transaction of $1,106,183.78. Following the acquisition, the chief executive officer owned 4,254,553 shares of the company's stock, valued at approximately $1,106,183.78. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 62.20% of the company's stock.

LightInTheBox Company Profile

LightInTheBox Holding Co, Ltd. NYSE: LITB is a global online retail company that sells products directly to consumers through its websites and mobile applications. The company primarily serves customers outside China and uses a cross-border e-commerce model to market merchandise sourced from manufacturers and suppliers.

Its product offerings include apparel, footwear, accessories, home and garden goods, consumer electronics, beauty products, and other general merchandise. LightInTheBox also offers customized and made-to-order products in selected categories, including clothing and event-related apparel.

Founded in 2007 and headquartered in Singapore, LightInTheBox has built an international customer base spanning numerous markets in North America, Europe, Asia, and other regions.

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