LightInTheBox (NYSE:LITB) Coverage Initiated at StockNews.com

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

LightInTheBox Stock Up 2.2%

LITB opened at $1.18 on Thursday. The firm has a market cap of $21.74 million, a price-to-earnings ratio of -3.38 and a beta of 0.26. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00. The business’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.51.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.01 EPS for the quarter. The firm had revenue of $47.02 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. XTX Topco Ltd bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned 0.07% of LightInTheBox at the end of the most recent quarter. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.