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

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report published on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Down 1.0 %

Shares of LightInTheBox stock opened at $1.04 on Monday. LightInTheBox has a 52-week low of $0.91 and a 52-week high of $6.00. The firm’s 50 day moving average price is $1.29 and its 200-day moving average price is $2.07. The company has a market cap of $19.03 million, a P/E ratio of -2.96 and a beta of 0.92.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (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 acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 3rd quarter, according to its most recent disclosure 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 about 0.06% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is owned by institutional investors.

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.