LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

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

LightInTheBox Stock Performance

Shares of NYSE LITB opened at $1.60 on Friday. LightInTheBox has a 1 year low of $1.56 and a 1 year high of $6.84. The stock’s 50-day simple moving average is $2.12 and its 200-day simple moving average is $3.20. The firm has a market cap of $29.42 million, a price-to-earnings ratio of -4.57 and a beta of 0.95.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent quarter. 56.77% of the stock is 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.