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

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

LightInTheBox Stock Performance

LITB opened at $1.11 on Friday. LightInTheBox has a 1 year low of $1.03 and a 1 year high of $6.30. The company’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $2.43. The stock has a market capitalization of $20.32 million, a PE ratio of -3.16 and a beta of 0.95.

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 Investors Weigh In On 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 third quarter, according to the company in its most recent Form 13F filing 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 approximately 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. 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.