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

Analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued on Monday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB stock opened at $1.04 on Monday. The company has a market cap of $19.03 million, a P/E ratio of -2.96 and a beta of 0.92. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.00. The stock’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $2.07.

LightInTheBox (NYSE:LITB) last posted its earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share 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 acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 0.06% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is currently owned by institutional investors and hedge funds.

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.