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

StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a research report report published on Saturday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB stock opened at $1.14 on Friday. The stock has a market capitalization of $20.87 million, a price-to-earnings ratio of -3.24 and a beta of 0.92. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.30. The stock’s fifty day moving average is $1.45 and its two-hundred day moving average is $2.25.

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

Institutional Investors 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 third quarter, according to 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 as of its most recent SEC filing. 56.77% of the stock is currently owned by institutional investors.

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.