LightInTheBox Holding Co., Ltd. (NYSE:LITB) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.25 and traded as low as $1.28. LightInTheBox shares last traded at $1.30, with a volume of 537,065 shares traded.
The business has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.25. The stock has a market capitalization of $145.70 million, a P/E ratio of 10.00 and a beta of 0.56.
A number of hedge funds have recently added to or reduced their stakes in LITB. Citigroup Inc. bought a new position in LightInTheBox in the 1st quarter valued at approximately $25,000. Citadel Advisors LLC purchased a new stake in LightInTheBox during the 2nd quarter valued at $33,000. Squarepoint Ops LLC purchased a new stake in LightInTheBox during the 1st quarter valued at $45,000. Goldman Sachs Group Inc. purchased a new stake in LightInTheBox during the 2nd quarter valued at $59,000. Finally, GSA Capital Partners LLP purchased a new stake in LightInTheBox during the 2nd quarter valued at $66,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.
LightInTheBox Holding Co, Ltd. engages in the online retail sale and distribution of consumer products. It operates through the Product Sales; and Services and Others segments. The Product sales segment comprises of sales of products including apparel and other general merchandize through its websites and mobile applications and other supplemental online.
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