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

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research report released on Sunday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Price Performance

NYSE LITB opened at $1.07 on Friday. The stock has a market capitalization of $19.68 million, a PE ratio of -3.06 and a beta of 0.92. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.24. The company’s 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $2.17.

LightInTheBox (NYSE:LITB) last posted its earnings results on Tuesday, December 10th. The technology company reported $0.01 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 acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.