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

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $3.14 on Tuesday. The company has a market cap of $349.07 million, a P/E ratio of -39.25 and a beta of 0.94. LightInTheBox has a 1 year low of $2.21 and a 1 year high of $8.16. The stock’s fifty day moving average price is $3.40 and its 200-day moving average price is $4.18.

LightInTheBox (NYSE:LITBGet Free Report) last posted its quarterly earnings data on Friday, August 2nd. The technology company reported $0.06 EPS for the quarter. The firm had revenue of $69.36 million for the quarter.

LightInTheBox Company Profile

(Get Free Report)

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.

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