LightInTheBox (NYSE:LITB) Now Covered by StockNews.com

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

LightInTheBox Price Performance

NYSE LITB opened at $1.05 on Thursday. The stock has a market capitalization of $19.30 million, a PE ratio of -3.00 and a beta of 0.91. LightInTheBox has a 1-year low of $0.91 and a 1-year high of $6.00. The business has a 50 day simple moving average of $1.09 and a two-hundred day simple moving average of $1.85.

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 LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 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.