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

Investment analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a note issued to investors on Saturday. The firm set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Down 1.5 %

Shares of NYSE:LITB opened at $1.74 on Friday. LightInTheBox has a 12-month low of $1.56 and a 12-month high of $6.90. The business has a 50 day moving average of $2.13 and a 200-day moving average of $3.22. The stock has a market cap of $32.06 million, a PE ratio of -4.98 and a beta of 0.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased 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 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 filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 56.77% of the company’s stock.

LightInTheBox Company Profile

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.