Lightinthebox Holding Co Ltd-ADR Rating Lowered to Market Perform at Oppenheimer (LITB)
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) traded down 12.55% during mid-day trading on Wednesday, hitting $8.99. The stock had a trading volume of 1,203,350 shares. Lightinthebox Holding Co Ltd-ADR has a 52-week low of $6.18 and a 52-week high of $23.38. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.19. The company’s market cap is $444.7 million.
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.08. The company had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.32 million. The company’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts predict that Lightinthebox Holding Co Ltd-ADR will post $0.07 earnings per share for the current fiscal year.
Lightinthebox Holding Co, Ltd. is a global online retail company that delivers products directly to consumers globally.
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