LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

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

LightInTheBox Stock Performance

NYSE:LITB opened at $1.12 on Friday. The business has a 50 day simple moving average of $1.55 and a 200 day simple moving average of $2.41. LightInTheBox has a 12-month low of $1.00 and a 12-month high of $6.30.

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

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period. 56.77% of the stock is currently owned by institutional investors and hedge funds.

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.