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

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

LightInTheBox Price Performance

Shares of LITB stock opened at $1.40 on Friday. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.00. The firm has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.77. The company has a market cap of $25.67 million, a price-to-earnings ratio of -3.99 and a beta of 0.91.

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

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is owned by institutional investors.

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.