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

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

LightInTheBox Stock Performance

Shares of LITB stock opened at $1.66 on Friday. The company has a market cap of $30.52 million, a P/E ratio of -4.74 and a beta of 0.95. LightInTheBox has a fifty-two week low of $1.47 and a fifty-two week high of $6.84. The stock has a 50 day simple moving average of $2.01 and a two-hundred day simple moving average of $3.12.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent filing with the SEC. The firm bought 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. 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.