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

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

LightInTheBox Stock Performance

NYSE:LITB opened at $1.21 on Wednesday. The company has a market capitalization of $22.23 million, a P/E ratio of -3.46 and a beta of 0.26. The stock’s 50 day moving average price is $1.49 and its 200 day moving average price is $1.55. LightInTheBox has a 52 week low of $0.91 and a 52 week high of $6.00.

LightInTheBox (NYSE:LITB) last released its quarterly earnings results on Tuesday, March 25th. The technology company reported $0.02 earnings per share for the quarter. The business had revenue of $57.75 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. XTX Topco Ltd purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.07% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is currently owned by institutional investors and hedge funds.

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.