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

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

LightInTheBox Trading Down 4.2 %

Shares of LITB stock opened at $0.75 on Thursday. The company has a market cap of $83.38 million, a price-to-earnings ratio of -9.38 and a beta of 0.89. The stock has a 50 day simple moving average of $0.83 and a 200-day simple moving average of $1.05. LightInTheBox has a 12-month low of $0.64 and a 12-month high of $1.70.

LightInTheBox (NYSE:LITB) last issued its earnings results on Monday, March 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $135.56 million during the quarter.

Institutional Investors Weigh In On LightInTheBox

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of LightInTheBox in the 4th quarter worth approximately $28,000. Jane Street Group LLC acquired a new stake in shares of LightInTheBox in the 2nd quarter worth approximately $33,000. Rhumbline Advisers grew its holdings in shares of LightInTheBox by 28.6% in the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after acquiring an additional 8,580 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of LightInTheBox by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after acquiring an additional 12,351 shares during the period. Institutional investors and hedge funds 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.