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

Equities researchers at StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Up 10.7 %

NYSE LITB opened at $1.24 on Thursday. The stock has a market cap of $22.80 million, a PE ratio of -3.54 and a beta of 0.95. The business has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $2.53. LightInTheBox has a fifty-two week low of $1.06 and a fifty-two week high of $6.48.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and 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. 56.77% of the stock is 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.