LightInTheBox (NYSE:LITB) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Price Performance

NYSE LITB opened at $1.05 on Thursday. The firm has a market capitalization of $19.30 million, a P/E ratio of -3.00 and a beta of 0.91. LightInTheBox has a 1-year low of $0.91 and a 1-year high of $6.00. The business’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.83.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent Form 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 approximately 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.