LightInTheBox (NYSE:LITB) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report released on Thursday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LightInTheBox stock opened at $1.05 on Thursday. LightInTheBox has a one year low of $0.91 and a one year high of $6.00. The company has a market cap of $19.30 million, a PE ratio of -3.00 and a beta of 0.91. The business has a 50-day simple moving average of $1.09 and a 200-day simple moving average of $1.82.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. 56.77% of the stock is owned by institutional investors and hedge funds.

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.