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

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

LightInTheBox Stock Down 1.5 %

LITB stock opened at $1.02 on Monday. LightInTheBox has a twelve month low of $0.91 and a twelve month high of $6.00. The business’s fifty day moving average is $1.31 and its 200-day moving average is $2.08. The company has a market cap of $18.66 million, a P/E ratio of -2.90 and a beta of 0.92.

LightInTheBox (NYSE:LITB) last issued its 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 acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 0.06% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is currently 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.