LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

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

LightInTheBox Price Performance

Shares of NYSE LITB opened at $1.04 on Monday. The company has a market cap of $19.03 million, a P/E ratio of -2.96 and a beta of 0.92. The firm has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $2.07. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.00.

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

Hedge Funds Weigh In On LightInTheBox

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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 56.77% of the stock is 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.