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

Research analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITBGet Free Report) in a report issued on Tuesday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LITB stock opened at $0.71 on Tuesday. LightInTheBox has a 52-week low of $0.64 and a 52-week high of $1.88. The firm has a market capitalization of $78.94 million, a P/E ratio of -8.88 and a beta of 0.89. The stock has a 50 day moving average price of $0.90 and a 200 day moving average price of $1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LITB. Jane Street Group LLC purchased a new position in shares of LightInTheBox in the 2nd quarter valued at $33,000. Renaissance Technologies LLC boosted its position in shares of LightInTheBox by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 12,351 shares in the last quarter. Rhumbline Advisers boosted its position in shares of LightInTheBox by 28.6% in the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after purchasing an additional 8,580 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of LightInTheBox in the 4th quarter worth $28,000. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

About LightInTheBox

(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 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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