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

Equities research analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB opened at $1.81 on Friday. The stock has a market capitalization of $33.25 million, a P/E ratio of -5.17 and a beta of 0.27. LightInTheBox has a one year low of $0.91 and a one year high of $6.00. The business’s 50-day simple moving average is $1.31 and its 200-day simple moving average is $1.67.

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

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent 13F filing with the 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 about 0.06% of LightInTheBox as of its most recent filing with the SEC. Institutional investors 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.