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

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

LightInTheBox Stock Up 2.9 %

Shares of LightInTheBox stock opened at $1.05 on Thursday. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The company has a 50 day moving average price of $1.09 and a 200 day moving average price of $1.82. The firm has a market capitalization of $19.30 million, a P/E ratio of -3.00 and a beta of 0.91.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd 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 0.06% of LightInTheBox at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

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.