StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

Posted by Teresa Graham on Jan 18th, 2025

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Trading Up 6.2 %

Shares of LITB stock opened at $1.27 on Wednesday. The company has a market capitalization of $23.28 million, a price-to-earnings ratio of -3.62 and a beta of 0.95. LightInTheBox has a 1-year low of $1.07 and a 1-year high of $6.48. The stock’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $2.67.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent reporting period. 56.77% of the stock is currently owned by institutional investors.

LightInTheBox Company Profile

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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.