LightInTheBox (NYSE:LITB) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITB) in a research report issued on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

LightInTheBox Stock Performance

Shares of NYSE LITB opened at $0.79 on Thursday. The company has a market cap of $87.94 million, a PE ratio of -9.89 and a beta of 0.89. The business has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $1.05. LightInTheBox has a fifty-two week low of $0.64 and a fifty-two week high of $1.70.

LightInTheBox (NYSE:LITB) last issued its quarterly earnings results on Monday, March 25th. The technology company reported ($0.04) earnings per share for the quarter. The business had revenue of $135.56 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LITB. Citadel Advisors LLC purchased a new position in shares of LightInTheBox in the fourth quarter worth about $28,000. Jane Street Group LLC purchased a new position in shares of LightInTheBox in the second quarter worth about $33,000. Rhumbline Advisers raised its stake in shares of LightInTheBox by 28.6% in the third quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after purchasing an additional 8,580 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of LightInTheBox by 1.2% in the second quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 12,351 shares during the last quarter. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

LightInTheBox Company Profile

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.