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

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

LightInTheBox Price Performance

Shares of LITB opened at $2.06 on Wednesday. The firm has a market capitalization of $37.88 million, a price-to-earnings ratio of -5.72 and a beta of 0.98. The company has a 50-day moving average of $2.48 and a 200 day moving average of $3.49. LightInTheBox has a 1-year low of $1.77 and a 1-year high of $7.98.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor 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. 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.