LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

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

LightInTheBox Stock Up 4.0 %

LITB opened at $1.04 on Wednesday. The firm has a market cap of $19.12 million, a PE ratio of -2.97 and a beta of 0.91. The business has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $1.93. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.00.

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

Institutional Trading of 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) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 at the end of the most recent quarter. 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.