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

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

LightInTheBox Stock Performance

Shares of NYSE:LITB opened at $1.16 on Thursday. The business’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $1.52. The firm has a market cap of $21.28 million, a P/E ratio of -3.31 and a beta of 0.26. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.00.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $47.02 million during the quarter.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. XTX Topco Ltd acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.07% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is owned by institutional investors and hedge funds.

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.