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

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research report released on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Up 0.6 %

LITB opened at $1.01 on Tuesday. The company has a market cap of $18.50 million, a price-to-earnings ratio of -2.87 and a beta of 0.92. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.00. The firm’s fifty day simple moving average is $1.25 and its two-hundred day simple moving average is $2.03.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 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.