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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report released on Sunday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Price Performance

Shares of LightInTheBox stock opened at $1.79 on Friday. The business has a 50 day simple moving average of $1.30 and a two-hundred day simple moving average of $1.68. The stock has a market capitalization of $32.92 million, a P/E ratio of -5.12 and a beta of 0.27. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 earnings per share for the quarter. The firm had revenue of $57.75 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 about 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission (SEC). 56.77% of the stock is owned by institutional investors.

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.