LightInTheBox (NYSE:LITB) Coverage Initiated by Analysts at StockNews.com

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

LightInTheBox Price Performance

LITB stock opened at $1.13 on Wednesday. The stock has a market capitalization of $20.78 million, a price-to-earnings ratio of -3.23 and a beta of 0.95. The business has a fifty day moving average price of $1.76 and a 200 day moving average price of $2.71. LightInTheBox has a fifty-two week low of $1.07 and a fifty-two week high of $6.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.