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

Research analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Up 0.7 %

Shares of LITB opened at $1.48 on Tuesday. The stock has a market capitalization of $27.21 million, a P/E ratio of -4.23 and a beta of 0.95. LightInTheBox has a twelve month low of $1.40 and a twelve month high of $6.78. The company has a 50 day moving average of $1.85 and a 200-day moving average of $2.85.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 reporting period. 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.