StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

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

LightInTheBox Stock Performance

LightInTheBox stock opened at $2.15 on Monday. The stock has a market capitalization of $39.54 million, a P/E ratio of -5.97 and a beta of 0.98. The company’s fifty day moving average price is $2.78 and its 200 day moving average price is $3.69. LightInTheBox has a 1 year low of $1.94 and a 1 year high of $8.04.

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.