StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a research note issued to investors on Tuesday. The brokerage issued a buy rating on the technology company’s stock.
LightInTheBox Stock Performance
LITB opened at $1.01 on Tuesday. LightInTheBox has a 52 week low of $0.97 and a 52 week high of $1.88. The business has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.22.
Institutional Trading of LightInTheBox
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of LightInTheBox by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after acquiring an additional 12,351 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of LightInTheBox during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 7.90% of the company’s stock.
LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers 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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