LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

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

LightInTheBox Trading Up 8.8 %

Shares of NYSE LITB opened at $1.12 on Friday. LightInTheBox has a 12-month low of $1.00 and a 12-month high of $6.30. The company has a market cap of $20.62 million, a PE ratio of -3.20 and a beta of 0.95. The stock has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $2.38.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 as of its most recent filing with the SEC. 56.77% of the stock is currently owned by 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.