LightInTheBox (NYSE:LITB) Share Price Crosses Below 200 Day Moving Average of $2.25

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 Company Profile (NYSE:LITB)

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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