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

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

LightInTheBox Stock Performance

NYSE LITB opened at $1.08 on Friday. The stock’s fifty day moving average is $1.47 and its two-hundred day moving average is $2.29. The firm has a market capitalization of $19.79 million, a P/E ratio of -3.07 and a beta of 0.93. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.30.

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

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing. 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.