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

Equities researchers at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report released on Sunday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Trading Down 6.3 %

Shares of LITB opened at $1.79 on Friday. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00. The business’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.69. The company has a market cap of $32.92 million, a price-to-earnings ratio of -5.12 and a beta of 0.27.

LightInTheBox (NYSE:LITB) last released 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 for 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 purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 owned by hedge funds and other institutional investors.

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.