LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

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

LightInTheBox Stock Performance

LITB opened at $1.00 on Wednesday. The company has a market cap of $18.39 million, a PE ratio of -2.86 and a beta of 0.91. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.95. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.00.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) 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 stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 as of its most recent SEC filing. 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.