LightInTheBox (NYSE:LITB) Now Covered by StockNews.com

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

LightInTheBox Stock Down 1.8 %

NYSE LITB opened at $2.19 on Friday. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The firm has a 50 day moving average of $1.18 and a two-hundred day moving average of $1.74. The stock has a market capitalization of $40.26 million, a PE ratio of -6.26 and a beta of 0.91.

LightInTheBox (NYSE:LITB) last issued its earnings results on Tuesday, March 25th. The technology company reported $0.02 EPS for the quarter. The firm had revenue of $57.75 million for the quarter.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.