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

Investment analysts at StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Up 10.2 %

LITB opened at $1.40 on Friday. The company has a market cap of $25.67 million, a PE ratio of -3.99 and a beta of 0.91. The company has a 50-day moving average price of $1.09 and a 200 day moving average price of $1.78. LightInTheBox has a twelve month low of $0.91 and a twelve month high of $6.00.

LightInTheBox (NYSE:LITB) last posted its earnings results on Tuesday, March 25th. The technology company reported $0.02 earnings per share for the quarter. The firm had revenue of $57.75 million during 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 acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.