StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

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

LightInTheBox Stock Up 3.0 %

Shares of NYSE:LITB opened at $2.06 on Wednesday. The company has a 50-day moving average price of $2.48 and a two-hundred day moving average price of $3.49. LightInTheBox has a twelve month low of $1.77 and a twelve month high of $7.98. The firm has a market capitalization of $37.88 million, a PE ratio of -5.72 and a beta of 0.98.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

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.