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

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

LightInTheBox Stock Up 3.2 %

NYSE:LITB opened at $1.14 on Friday. The business’s 50-day moving average price is $1.45 and its 200 day moving average price is $2.25. The firm has a market cap of $20.87 million, a P/E ratio of -3.24 and a beta of 0.92. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.30.

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

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased 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 firm purchased 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 at the end of the most recent quarter. 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.