LightInTheBox (NYSE:LITB) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.77 and traded as low as $1.73. LightInTheBox shares last traded at $1.74, with a volume of 2,606 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Report on LITB

LightInTheBox Trading Down 2.1%

The firm has a market cap of $32.64 million, a price-to-earnings ratio of 6.12 and a beta of -0.31. The company has a fifty day moving average price of $2.38 and a 200-day moving average price of $1.77.

LightInTheBox (NYSE:LITB – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. LightInTheBox had a negative return on equity of 49.34% and a net margin of 2.47%.The company had revenue of $55.46 million during the quarter.

LightInTheBox Company Profile

(Get Free Report)

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides apparel products; and other general merchandise products, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices, and other products.

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