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

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

LightInTheBox Stock Up 10.7 %

LightInTheBox stock opened at $1.24 on Thursday. The firm has a market capitalization of $22.80 million, a P/E ratio of -3.54 and a beta of 0.95. The firm has a fifty day moving average of $1.64 and a 200-day moving average of $2.51. LightInTheBox has a 52-week low of $1.06 and a 52-week high of $6.48.

LightInTheBox (NYSE:LITB) last released its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox at the end of the most recent reporting period. 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.