LightInTheBox (NYSE:LITB) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued on Thursday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Trading Down 4.1 %

Shares of LITB opened at $1.88 on Thursday. The business’s 50 day moving average is $2.35 and its 200 day moving average is $3.41. LightInTheBox has a 12-month low of $1.77 and a 12-month high of $7.50. The company has a market capitalization of $34.56 million, a PE ratio of -5.22 and a beta of 0.98.

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 3rd quarter, according to its most recent disclosure with the 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 approximately 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is 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.