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

Stock analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued on Sunday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Up 7.0 %

LITB opened at $1.64 on Friday. LightInTheBox has a 52 week low of $1.47 and a 52 week high of $6.84. The stock has a market cap of $30.11 million, a PE ratio of -4.68 and a beta of 0.95. The business has a 50 day moving average of $2.03 and a 200-day moving average of $3.15.

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 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 and Exchange Commission. The firm purchased 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 reporting period. 56.77% of the stock is owned by hedge funds and other institutional investors.

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.