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

Equities research analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued on Thursday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Price Performance

LITB opened at $1.05 on Thursday. The stock has a market capitalization of $19.30 million, a price-to-earnings ratio of -3.00 and a beta of 0.91. The business has a 50-day moving average of $1.09 and a two-hundred day moving average of $1.83. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00.

Institutional Trading of LightInTheBox

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) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.