LightInTheBox (NYSE:LITB) Stock Passes Above 50 Day Moving Average – Time to Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.13 and traded as high as $3.13. LightInTheBox shares last traded at $3.10, with a volume of 1,878 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightInTheBox in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LightInTheBox has an average rating of “Sell”.

LightInTheBox Trading Down 2.7%

The firm’s 50-day simple moving average is $3.14 and its 200 day simple moving average is $2.72. The stock has a market cap of $54.63 million and a P/E ratio of 6.09.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 56.77% of the company’s stock.

About LightInTheBox

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.