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

StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB) in a research report report published on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Stock Performance

NYSE:LITB opened at $1.71 on Monday. The company has a market capitalization of $31.44 million, a price-to-earnings ratio of -4.89 and a beta of 0.95. LightInTheBox has a one year low of $1.47 and a one year high of $6.84. The stock has a 50-day simple moving average of $1.96 and a 200 day simple moving average of $3.03.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. 56.77% of the stock is owned by institutional investors and hedge funds.

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.