LightInTheBox (NYSE:LITB) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $1.54 on Tuesday. The business’s 50 day simple moving average is $1.88 and its 200 day simple moving average is $2.89. LightInTheBox has a 1 year low of $1.47 and a 1 year high of $6.78. The company has a market capitalization of $28.31 million, a P/E ratio of -4.40 and a beta of 0.95.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.