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

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

LightInTheBox Trading Down 1.5 %

LightInTheBox stock opened at $1.74 on Friday. The firm has a market capitalization of $32.06 million, a PE ratio of -4.98 and a beta of 0.95. LightInTheBox has a 12-month low of $1.56 and a 12-month high of $6.90. The firm has a 50-day moving average price of $2.13 and a 200-day moving average price of $3.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 as of its most recent filing with the SEC. 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.