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

Research analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued to investors on Thursday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Price Performance

NYSE:LITB opened at $1.96 on Thursday. LightInTheBox has a 12 month low of $1.77 and a 12 month high of $7.86. The firm has a market capitalization of $36.04 million, a PE ratio of -5.45 and a beta of 0.98. The business’s fifty day moving average price is $2.40 and its 200 day moving average price is $3.43.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent 13F filing with the 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 about 0.06% of LightInTheBox at the end of the most recent quarter. Institutional investors own 56.77% of the company’s stock.

About LightInTheBox

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.