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

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $1.02 on Tuesday. The company has a market cap of $18.68 million, a P/E ratio of -2.90 and a beta of 0.92. LightInTheBox has a 1 year low of $0.91 and a 1 year high of $6.00. The stock’s fifty day moving average price is $1.22 and its 200-day moving average price is $2.00.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings results on Tuesday, December 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission (SEC). 56.77% of the stock is currently owned by institutional investors and hedge funds.

About LightInTheBox

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.