StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a research note published on Tuesday. The brokerage issued a buy rating on the technology company’s stock.
LightInTheBox Trading Down 4.5 %
NYSE:LITB opened at $1.47 on Tuesday. The company’s 50 day moving average is $1.86 and its two-hundred day moving average is $2.86. LightInTheBox has a twelve month low of $1.40 and a twelve month high of $6.78. The company has a market cap of $27.03 million, a PE ratio of -4.20 and a beta of 0.95.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is currently owned by hedge funds and other 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.
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