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

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report published on Thursday. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Trading Up 10.7 %

Shares of NYSE LITB opened at $1.24 on Thursday. LightInTheBox has a 12-month low of $1.06 and a 12-month high of $6.48. The stock has a market cap of $22.80 million, a P/E ratio of -3.54 and a beta of 0.95. The business’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $2.51.

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

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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. Hedge funds and other 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.