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

Equities researchers at StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a report issued on Friday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LightInTheBox stock opened at $1.74 on Friday. The firm has a market cap of $32.00 million, a PE ratio of -4.83 and a beta of 0.95. The firm’s 50-day simple moving average is $2.24 and its 200-day simple moving average is $3.32. LightInTheBox has a 1 year low of $1.64 and a 1 year high of $7.32.

Institutional Investors Weigh In On LightInTheBox

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