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

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

LightInTheBox Trading Down 4.1 %

LightInTheBox stock opened at $1.88 on Thursday. LightInTheBox has a 12 month low of $1.77 and a 12 month high of $7.50. The company has a market capitalization of $34.57 million, a price-to-earnings ratio of -5.22 and a beta of 0.98. The stock’s 50 day moving average is $2.33 and its 200-day moving average is $3.38.

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 position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to its most recent 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 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.