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

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

LightInTheBox Trading Up 7.3 %

Shares of NYSE:LITB opened at $1.27 on Friday. The firm has a market cap of $23.28 million, a PE ratio of -3.62 and a beta of 0.91. The company has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.80. LightInTheBox has a 12-month low of $0.91 and a 12-month high of $6.00.

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

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period. 56.77% of the stock is owned by institutional investors and hedge funds.

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.