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

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

LightInTheBox Trading Down 3.9 %

LITB stock opened at $1.96 on Thursday. The company has a market capitalization of $36.04 million, a P/E ratio of -5.45 and a beta of 0.98. The business has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $3.43. LightInTheBox has a twelve month low of $1.77 and a twelve month high of $7.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased 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 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 SEC filing. 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.