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

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

LightInTheBox Trading Down 13.5 %

NYSE:LITB opened at $1.09 on Wednesday. LightInTheBox has a twelve month low of $1.07 and a twelve month high of $6.48. The firm has a market cap of $20.04 million, a price-to-earnings ratio of -3.11 and a beta of 0.95. The company has a 50-day moving average of $1.80 and a 200-day moving average of $2.75.

Hedge Funds Weigh In On 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 and Exchange Commission. 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 about 0.06% of LightInTheBox at the end of the most recent reporting period. 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.