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

Investment analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

LightInTheBox stock opened at $1.93 on Wednesday. The company’s 50 day simple moving average is $2.57 and its 200-day simple moving average is $3.51. LightInTheBox has a 1 year low of $1.77 and a 1 year high of $7.98. The company has a market capitalization of $35.49 million, a price-to-earnings ratio of -5.36 and a beta of 0.98.

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 LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.

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.