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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a report issued on Tuesday morning. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Stock Up 3.1 %

Shares of LightInTheBox stock opened at $2.01 on Tuesday. The company has a market cap of $36.96 million, a PE ratio of -5.58 and a beta of 0.98. The business has a 50 day moving average price of $2.62 and a 200-day moving average price of $3.56. LightInTheBox has a 52 week low of $1.85 and a 52 week high of $7.98.

Institutional Trading of 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) in the third quarter, according to its most recent disclosure 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 reporting period. 56.77% of the stock is currently 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.