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

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

LightInTheBox Stock Performance

LightInTheBox stock opened at $2.01 on Tuesday. The stock’s 50 day simple moving average is $2.62 and its two-hundred day simple moving average is $3.56. LightInTheBox has a fifty-two week low of $1.85 and a fifty-two week high of $7.98. The stock has a market cap of $36.96 million, a price-to-earnings ratio of -5.58 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 acquired a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent SEC filing. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

About LightInTheBox

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.