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

StockNews.com initiated 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 Stock Performance

NYSE:LITB opened at $0.78 on Thursday. The firm’s 50-day moving average is $0.84 and its 200-day moving average is $1.05. LightInTheBox has a 52-week low of $0.64 and a 52-week high of $1.70.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings data on Monday, March 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $135.56 million for the quarter.

Institutional Trading of LightInTheBox

Several institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of LightInTheBox during the 4th quarter valued at about $28,000. Rhumbline Advisers boosted its position in shares of LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock valued at $46,000 after acquiring an additional 8,580 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of LightInTheBox by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 12,351 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of LightInTheBox during the 2nd quarter valued at about $33,000. 56.77% of the stock is currently 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.