LightInTheBox (NYSE:LITB) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued on Tuesday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of NYSE LITB opened at $1.27 on Tuesday. The stock has a market cap of $23.34 million, a PE ratio of -3.63 and a beta of 0.27. The business has a fifty day moving average of $1.47 and a two-hundred day moving average of $1.61. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.00.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $57.75 million 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 purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. 56.77% of the stock is owned by institutional investors and hedge funds.

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.