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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research note published on Thursday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB opened at $1.96 on Thursday. LightInTheBox has a twelve month low of $1.77 and a twelve month high of $7.86. The firm has a market cap of $36.04 million, a price-to-earnings ratio of -5.45 and a beta of 0.98. The firm’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $3.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 SEC. Institutional investors and hedge funds own 56.77% of the company’s stock.

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.