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

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

LightInTheBox Trading Up 1.2 %

Shares of NYSE:LITB opened at $1.74 on Friday. The firm’s 50 day moving average is $2.24 and its two-hundred day moving average is $3.32. LightInTheBox has a 52 week low of $1.64 and a 52 week high of $7.32. The firm has a market capitalization of $32.00 million, a P/E ratio of -4.83 and a beta of 0.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in 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 reporting period. Institutional investors and hedge funds 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.