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

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

LightInTheBox Stock Performance

Shares of NYSE LITB opened at $1.76 on Friday. LightInTheBox has a 52-week low of $1.47 and a 52-week high of $6.84. The stock has a market cap of $32.37 million, a P/E ratio of -5.03 and a beta of 0.95. The firm has a 50 day moving average price of $2.00 and a 200 day moving average price of $3.10.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 SEC. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

About LightInTheBox

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.