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

Stock analysts at StockNews.com started coverage on shares of LightInTheBox (NYSE:LITBGet Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet lowered LightInTheBox from a “c-” rating to a “d” rating in a report on Thursday, September 8th.

LightInTheBox Trading Up 2.7 %

LightInTheBox stock opened at $1.16 on Monday. The stock has a market cap of $131.15 million, a P/E ratio of -23.20 and a beta of 0.36. The stock has a 50 day moving average of $1.00 and a 200-day moving average of $1.06. LightInTheBox has a 52 week low of $0.73 and a 52 week high of $1.76.

LightInTheBox (NYSE:LITBGet Rating) last announced its quarterly earnings data on Tuesday, September 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $132.36 million for the quarter. LightInTheBox had a negative return on equity of 9.42% and a negative net margin of 1.25%.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Jane Street Group LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITBGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,382 shares of the technology company’s stock, valued at approximately $33,000. Institutional investors and hedge funds own 7.90% of the company’s stock.

About LightInTheBox

(Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products.

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