LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued to investors on Sunday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

NYSE LITB opened at $1.07 on Friday. The company has a market capitalization of $19.58 million, a PE ratio of -3.04 and a beta of 0.92. The business’s fifty day moving average is $1.36 and its 200 day moving average is $2.14. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.07.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 EPS for the quarter.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox as of its most recent SEC filing. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.