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

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

LightInTheBox Trading Up 4.0 %

NYSE LITB opened at $1.04 on Wednesday. The stock’s 50 day moving average is $1.14 and its two-hundred day moving average is $1.93. The company has a market capitalization of $19.12 million, a price-to-earnings ratio of -2.97 and a beta of 0.91. LightInTheBox has a 1-year low of $0.91 and a 1-year high of $6.00.

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

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent 13F filing with the SEC. 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. Hedge funds and other institutional investors 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.