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

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

LightInTheBox Price Performance

Shares of LightInTheBox stock opened at $1.14 on Thursday. The firm’s fifty day simple moving average is $1.10 and its 200-day simple moving average is $1.85. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00. The stock has a market capitalization of $20.87 million, a price-to-earnings ratio of -3.24 and a beta of 0.91.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 as of its most recent SEC filing. 56.77% of the stock is currently owned by institutional investors and hedge funds.

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.