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

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB – Get Rating) in a report issued on Wednesday. The firm set a “hold” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of LITB opened at $1.26 on Wednesday. LightInTheBox has a one year low of $0.73 and a one year high of $1.88. The stock has a market capitalization of $142.74 million, a price-to-earnings ratio of -2.57 and a beta of 0.42. The stock has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.27.

LightInTheBox (NYSE:LITB – Get Rating) last issued its quarterly earnings results on Monday, March 20th. The technology company reported ($0.03) EPS for the quarter. LightInTheBox had a negative return on equity of 28.91% and a negative net margin of 11.23%. The firm had revenue of $156.42 million for the quarter.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Jane Street Group LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Rating) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,382 shares of the technology company’s stock, valued at approximately $33,000. 7.90% of the stock is owned by institutional investors.

About LightInTheBox

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LightInTheBox Holding Co, Ltd. engages in the online retail sale and distribution of consumer products. It operates through the Product Sales; and Services and Others segments. The Product sales segment comprises of sales of products including apparel and other general merchandize through its websites and mobile applications and other supplemental online.