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

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

LightInTheBox Stock Performance

NYSE LITB opened at $2.05 on Friday. The stock has a market capitalization of $37.69 million, a price-to-earnings ratio of -5.86 and a beta of 0.27. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The stock’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.71.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Tuesday, March 25th. The technology company reported $0.02 EPS for the quarter. The business had revenue of $57.75 million during the quarter.

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 stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to its most recent 13F filing with the Securities & 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 as of its most recent SEC filing. Institutional investors and hedge funds own 56.77% of the company’s stock.

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.