LightInTheBox (NYSE:LITB) Coverage Initiated by Analysts at StockNews.com

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

LightInTheBox Trading Up 4.4 %

Shares of LITB opened at $1.07 on Monday. The stock has a market cap of $19.58 million, a PE ratio of -3.04 and a beta of 0.92. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.06. The stock has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $2.10.

LightInTheBox (NYSE:LITB) last released its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter.

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 Form 13F filing with the Securities and 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 approximately 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is owned by hedge funds and other institutional investors.

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.