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

Equities researchers at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued on Monday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB stock opened at $1.04 on Monday. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The company has a market capitalization of $19.03 million, a PE ratio of -2.96 and a beta of 0.92. The company’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $2.07.

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

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position 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 the company in its most recent Form 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 approximately 0.06% of LightInTheBox as of its most recent SEC filing. Institutional investors own 56.77% of the company’s stock.

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.