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

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

LightInTheBox Stock Performance

LightInTheBox stock opened at $1.02 on Tuesday. The stock has a market cap of $18.68 million, a PE ratio of -2.90 and a beta of 0.92. LightInTheBox has a one year low of $0.91 and a one year high of $6.00. The stock has a fifty day moving average of $1.22 and a 200 day moving average of $2.00.

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

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. 56.77% of the stock is owned by hedge funds and other institutional investors.

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.