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

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $1.48 on Tuesday. The company has a market capitalization of $27.21 million, a P/E ratio of -4.23 and a beta of 0.95. The business’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.85. LightInTheBox has a 1 year low of $1.40 and a 1 year high of $6.78.

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 position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox at the end of the most recent quarter. 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.