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

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

LightInTheBox Price Performance

Shares of LITB opened at $1.68 on Monday. LightInTheBox has a one year low of $1.47 and a one year high of $6.84. The company has a 50-day simple moving average of $1.91 and a two-hundred day simple moving average of $2.98. The firm has a market capitalization of $30.89 million, a PE ratio of -4.80 and a beta of 0.95.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors own 56.77% of the company’s stock.

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.