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

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

LightInTheBox Stock Down 1.8 %

NYSE:LITB opened at $2.19 on Friday. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The stock’s fifty day moving average is $1.18 and its two-hundred day moving average is $1.74. The stock has a market capitalization of $40.26 million, a price-to-earnings ratio of -6.26 and a beta of 0.91.

LightInTheBox (NYSE:LITB) last announced its earnings results on Tuesday, March 25th. The technology company reported $0.02 EPS for the quarter. The firm had revenue of $57.75 million for the quarter.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter. 56.77% of the stock is owned by institutional investors and hedge funds.

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.