StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a report released on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.
LightInTheBox Stock Performance
Shares of NYSE:LITB opened at $2.99 on Wednesday. The stock has a market capitalization of $332.39 million, a price-to-earnings ratio of -37.38 and a beta of 0.94. LightInTheBox has a 1-year low of $2.21 and a 1-year high of $8.16. The company has a 50 day moving average price of $1.39 and a 200 day moving average price of $0.98.
LightInTheBox (NYSE:LITB – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $0.01 earnings per share for the quarter. The company had revenue of $69.36 million during the quarter.
LightInTheBox Company Profile
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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