Zacks: LightInTheBox Holding Co. Ltd. (LITB) Given Average Recommendation of “Hold” by Analysts
LightInTheBox Holding Co. Ltd. (NYSE:LITB) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $3.00 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given LightInTheBox Holding Co. an industry rank of 21 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of LightInTheBox Holding Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th.
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An institutional investor recently raised its position in LightInTheBox Holding Co. stock. Prudence Asset Management Ltd increased its position in shares of LightInTheBox Holding Co. Ltd. (NYSE:LITB) by 9.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 87,821 shares of the company’s stock after buying an additional 7,535 shares during the period. LightInTheBox Holding Co. comprises approximately 0.2% of Prudence Asset Management Ltd’s investment portfolio, making the stock its 13th largest position. Prudence Asset Management Ltd owned 0.13% of LightInTheBox Holding Co. worth $299,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.64% of the company’s stock.
Shares of LightInTheBox Holding Co. (NYSE:LITB) traded down 1.08% during midday trading on Thursday, reaching $2.74. 14,956 shares of the company were exchanged. The firm’s 50 day moving average is $2.96 and its 200-day moving average is $2.95. LightInTheBox Holding Co. has a 52-week low of $1.95 and a 52-week high of $4.29. The company’s market capitalization is $188.51 million.
LightInTheBox Holding Co. (NYSE:LITB) last announced its quarterly earnings results on Monday, September 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.03. LightInTheBox Holding Co. had a negative net margin of 5.58% and a positive return on equity of 13.80%. The firm had revenue of $65.60 million for the quarter. On average, equities analysts forecast that LightInTheBox Holding Co. will post ($0.02) earnings per share for the current fiscal year.
LightInTheBox Holding Co. Company Profile
LightInTheBox Holding Co, Ltd. (LightInTheBox) is an online retail company that delivers products directly to consumers around the world. The Company offers a range of products through www.lightinthebox.com, www.miniinthebox.com and its other Websites, as well as mobile applications, which are available in approximately 30 languages.
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