StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

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

LightInTheBox Stock Performance

LightInTheBox stock opened at $1.07 on Friday. The company’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $2.15. The company has a market capitalization of $19.68 million, a price-to-earnings ratio of -3.06 and a beta of 0.92. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.24.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) 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 bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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. Institutional investors own 56.77% of the company’s stock.

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.