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

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

LightInTheBox Stock Performance

Shares of LITB stock opened at $1.40 on Friday. The stock has a market capitalization of $25.67 million, a P/E ratio of -3.99 and a beta of 0.91. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.00. The company has a 50 day moving average price of $1.09 and a 200 day moving average price of $1.80.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 earnings per share for the quarter. The company had revenue of $57.75 million for the quarter.

Hedge Funds Weigh In On LightInTheBox

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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. 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.