LightInTheBox (NYSE:LITB) Stock Breaks Below 200-Day Moving Average – Time to Sell?

LightInTheBox Holding Co., Ltd. (NYSE:LITB)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $2.91 and traded as low as $2.80. LightInTheBox shares last traded at $2.92, with a volume of 3,720 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat, the company presently has a consensus rating of “Hold”.

LightInTheBox Stock Performance

The company’s 50 day simple moving average is $3.03 and its 200-day simple moving average is $2.91. The firm has a market capitalization of $52.06 million, a PE ratio of 6.08 and a beta of 0.02.

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

Insider Transactions at LightInTheBox

In other LightInTheBox news, CEO Jian He acquired 4,254,553 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $0.26 per share, with a total value of $1,106,183.78. Following the completion of the purchase, the chief executive officer owned 4,254,553 shares of the company’s stock, valued at approximately $1,106,183.78. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 62.20% of the company’s stock.

About LightInTheBox

LightInTheBox Holding Co, Ltd. (NYSE:LITB) is a global online retail company that sells products directly to consumers through websites and mobile applications. The company serves customers in multiple international markets and uses cross-border e-commerce to connect suppliers with shoppers outside its home market.

Its merchandise offerings have included apparel, fashion accessories, footwear, home and garden products, consumer electronics, beauty products, and other general merchandise.