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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report sent to investors on Sunday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LITB opened at $1.64 on Friday. The company’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $3.15. LightInTheBox has a 1 year low of $1.47 and a 1 year high of $6.84. The stock has a market capitalization of $30.11 million, a PE ratio of -4.68 and a beta of 0.95.

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 3rd quarter, according to its most recent Form 13F filing with the 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 reporting period. 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.