LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued to investors on Monday. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LightInTheBox stock opened at $0.73 on Monday. The company has a market capitalization of $82.23 million, a P/E ratio of -9.13 and a beta of 0.93. The company has a fifty day moving average of $0.93 and a 200 day moving average of $1.11. LightInTheBox has a fifty-two week low of $0.68 and a fifty-two week high of $1.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of LightInTheBox by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock valued at $1,227,000 after buying an additional 12,351 shares in the last quarter. Rhumbline Advisers raised its position in shares of LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock valued at $46,000 after buying an additional 8,580 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of LightInTheBox during the 2nd quarter valued at about $33,000. Finally, Citadel Advisors LLC purchased a new stake in shares of LightInTheBox during the 4th quarter valued at about $28,000. 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 customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products.