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

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

LightInTheBox Stock Performance

NYSE LITB opened at $1.48 on Tuesday. The firm has a market capitalization of $27.21 million, a price-to-earnings ratio of -4.23 and a beta of 0.95. LightInTheBox has a one year low of $1.40 and a one year high of $6.78. The company’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.84.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. 56.77% of the stock is 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.