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

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

LightInTheBox Trading Down 4.7 %

NYSE LITB opened at $1.23 on Thursday. The company has a market capitalization of $22.62 million, a PE ratio of -3.51 and a beta of 0.95. LightInTheBox has a 1-year low of $1.07 and a 1-year high of $6.48. The firm’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $2.57.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent reporting period. 56.77% of the stock is owned by institutional investors and hedge funds.

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.