StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a research note published on Thursday. The firm issued a buy rating on the technology company’s stock.
LightInTheBox Stock Down 6.0 %
Shares of LightInTheBox stock opened at $2.50 on Thursday. The firm has a market cap of $277.92 million, a price-to-earnings ratio of -31.25 and a beta of 0.94. LightInTheBox has a 52-week low of $2.21 and a 52-week high of $8.16. The company’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $1.02.
LightInTheBox (NYSE:LITB – Get Free Report) last released its earnings results on Friday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $69.36 million for the quarter.
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.
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