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

Stock analysts at StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB) in a report released on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $1.54 on Tuesday. LightInTheBox has a one year low of $1.47 and a one year high of $6.78. The company has a market cap of $28.31 million, a price-to-earnings ratio of -4.40 and a beta of 0.95. The firm has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.89.

Institutional Investors 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 3rd quarter, according to its most recent 13F filing with the Securities and 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 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.