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

Equities researchers at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Up 4.9 %

NYSE:LITB opened at $3.02 on Wednesday. LightInTheBox has a 52 week low of $2.21 and a 52 week high of $8.16. The company has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $0.96. The company has a market cap of $335.73 million, a price-to-earnings ratio of -37.75 and a beta of 0.94.

LightInTheBox (NYSE:LITB) last released its earnings results on Friday, August 2nd. The technology company reported $0.01 EPS for the quarter. The company had revenue of $69.36 million for the quarter.

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.