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

StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a note issued to investors on Tuesday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of NYSE LITB opened at $1.05 on Tuesday. The firm has a market capitalization of $19.21 million, a P/E ratio of -2.99 and a beta of 0.92. LightInTheBox has a one year low of $0.91 and a one year high of $6.00. The company’s fifty day moving average is $1.24 and its two-hundred day moving average is $2.01.

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

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox as of its most recent SEC filing. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.