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

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research note published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Up 1.0 %

Shares of NYSE:LITB opened at $1.00 on Wednesday. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00. The company’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.95. The firm has a market cap of $18.39 million, a P/E ratio of -2.86 and a beta of 0.91.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings data on Tuesday, December 10th. The technology company reported $0.01 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 bought a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is owned by hedge funds and other institutional investors.

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.