StockNews.com Begins Coverage on LightInTheBox (NYSE:LITB)

Investment analysts at StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a note issued to investors on Saturday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Trading Down 1.8 %

NYSE:LITB opened at $2.19 on Friday. The company has a market cap of $40.26 million, a PE ratio of -6.26 and a beta of 0.27. The company has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.72. LightInTheBox has a 12 month low of $0.91 and a 12 month high of $6.00.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 EPS for the quarter. The firm had revenue of $57.75 million during 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 purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.06% of LightInTheBox at the end of the most recent quarter. 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.