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

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

LightInTheBox Price Performance

LightInTheBox stock opened at $1.93 on Wednesday. The business has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $3.51. LightInTheBox has a 12 month low of $1.77 and a 12 month high of $7.98. The stock has a market capitalization of $35.49 million, a PE ratio of -5.36 and a beta of 0.98.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.06% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is currently owned by 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.