Equities research analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the technology company’s stock.
LightInTheBox Stock Up 5.3 %
Shares of NYSE LITB opened at $2.80 on Thursday. The firm has a 50-day simple moving average of $1.47 and a 200-day simple moving average of $1.01. The stock has a market capitalization of $311.27 million, a price-to-earnings ratio of -35.00 and a beta of 0.94. LightInTheBox has a 52 week low of $2.21 and a 52 week high of $8.16.
LightInTheBox (NYSE:LITB – Get Free Report) last released its earnings results on Friday, August 2nd. The technology company reported $0.01 earnings per share for the quarter. The business 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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