StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

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

LightInTheBox Stock Down 6.2 %

Shares of LITB stock opened at $1.95 on Tuesday. LightInTheBox has a 52 week low of $1.85 and a 52 week high of $7.98. The company has a 50-day simple moving average of $2.63 and a 200 day simple moving average of $3.57.

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.