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

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $2.03 on Wednesday. The firm’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $3.47. LightInTheBox has a fifty-two week low of $1.77 and a fifty-two week high of $7.98. The company has a market capitalization of $37.33 million, a price-to-earnings ratio of -5.64 and a beta of 0.98.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.06% of LightInTheBox at the end of the most recent quarter. 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.