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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report sent to investors on Friday morning. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Trading Up 5.7 %

NYSE LITB opened at $1.84 on Friday. The stock has a market cap of $33.84 million, a PE ratio of -5.11 and a beta of 0.95. LightInTheBox has a 12 month low of $1.64 and a 12 month high of $7.32. The company’s 50-day moving average price is $2.22 and its 200-day moving average price is $3.30.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

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.