StockNews.com Begins Coverage on LightInTheBox (NYSE:LITB)

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report released on Saturday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Price Performance

LightInTheBox stock opened at $2.05 on Friday. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.00. The firm has a market capitalization of $37.69 million, a PE ratio of -5.86 and a beta of 0.27. The company’s 50-day moving average is $1.20 and its 200-day moving average is $1.71.

LightInTheBox (NYSE:LITB) last released its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $57.75 million during the quarter.

Institutional Investors Weigh In On LightInTheBox

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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent reporting period. 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.