LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $0.74 on Friday. The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $1.13. The firm has a market capitalization of $82.79 million, a PE ratio of -1.60 and a beta of 0.93. LightInTheBox has a 1 year low of $0.71 and a 1 year high of $1.88.

Hedge Funds Weigh In On LightInTheBox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in LightInTheBox by 1.2% during the second quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after buying an additional 12,351 shares during the last quarter. Rhumbline Advisers boosted its stake in LightInTheBox by 28.6% during the third quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after buying an additional 8,580 shares during the last quarter. Jane Street Group LLC acquired a new position in LightInTheBox during the second quarter worth $33,000. Finally, Citadel Advisors LLC purchased a new stake in LightInTheBox in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 7.90% of the company’s stock.

About LightInTheBox

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LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products.

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