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

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITBGet Rating) in a report released on Saturday. The firm set a “hold” rating on the technology company’s stock.

Shares of LightInTheBox stock opened at $1.17 on Friday. The business’s fifty day simple moving average is $1.11 and its 200 day simple moving average is $1.18. The firm has a market capitalization of $132.28 million, a P/E ratio of 10.64 and a beta of 0.28. LightInTheBox has a 12 month low of $0.87 and a 12 month high of $3.12.

LightInTheBox (NYSE:LITBGet Rating) last issued its quarterly earnings results on Wednesday, March 30th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $113.15 million for the quarter. LightInTheBox had a return on equity of 22.75% and a net margin of 2.94%.

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of LightInTheBox in the second quarter valued at $279,000. Goldman Sachs Group Inc. bought a new stake in shares of LightInTheBox in the second quarter valued at $59,000. Invesco Ltd. bought a new stake in shares of LightInTheBox in the fourth quarter valued at $53,000. Citadel Advisors LLC raised its stake in shares of LightInTheBox by 99.3% in the third quarter. Citadel Advisors LLC now owns 33,645 shares of the technology company’s stock valued at $46,000 after buying an additional 16,761 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of LightInTheBox in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 54.25% of the company’s stock.

About LightInTheBox (Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly from manufacturers to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, electronics and communication devices, and other products.

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