LightInTheBox (NYSE:LITB) Share Price Crosses Above 200 Day Moving Average – Here’s Why

LightInTheBox Holding Co., Ltd. (NYSE:LITBGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.75 and traded as high as $3.27. LightInTheBox shares last traded at $3.17, with a volume of 5,605 shares changing hands.

LightInTheBox Price Performance

The stock has a 50 day moving average price of $3.24 and a two-hundred day moving average price of $2.75. The company has a market capitalization of $56.87 million, a price-to-earnings ratio of 6.34 and a beta of 0.03.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITBFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 (SEC). 56.77% of the stock is owned by institutional investors.

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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