LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

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

LightInTheBox Trading Up 3.7 %

NYSE:LITB opened at $1.13 on Wednesday. The stock has a market cap of $20.78 million, a price-to-earnings ratio of -3.23 and a beta of 0.95. The stock has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $2.71. LightInTheBox has a 1 year low of $1.07 and a 1 year high of $6.48.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox as of its most recent SEC filing. 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.