Lightinthebox (LITB) Sees Strong Trading Volume
Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) shares saw unusually-high trading volume on Tuesday . Approximately 1,212,127 shares were traded during trading, an increase of 411% from the previous session’s volume of 236,980 shares.The stock last traded at $1.05 and had previously closed at $1.02.
Lightinthebox (NYSE:LITB) last released its quarterly earnings results on Friday, December 14th. The technology company reported ($0.27) earnings per share for the quarter. The firm had revenue of $44.50 million for the quarter. Lightinthebox had a negative return on equity of 100.23% and a negative net margin of 14.81%.
A hedge fund recently bought a new stake in Lightinthebox stock. TB Alternative Assets Ltd. purchased a new position in shares of Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,537,855 shares of the technology company’s stock, valued at approximately $3,096,000. Lightinthebox comprises about 0.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 17th largest holding. TB Alternative Assets Ltd. owned approximately 3.69% of Lightinthebox as of its most recent filing with the SEC. 4.25% of the stock is owned by hedge funds and other institutional investors.
About Lightinthebox (NYSE:LITB)
LightInTheBox Holding Co, Ltd., through its subsidiaries, operates as an online retail company worldwide. It provides apparel products, including customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products.
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