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

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Price Performance

LITB opened at $2.03 on Wednesday. The stock has a market capitalization of $37.33 million, a P/E ratio of -5.64 and a beta of 0.98. The company’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $3.47. LightInTheBox has a one year low of $1.77 and a one year high of $7.98.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

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.