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

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Get Rating) in a report released on Monday. The firm set a “hold” rating on the technology company’s stock.

NYSE:LITB opened at $1.19 on Monday. The firm has a market capitalization of $134.54 million, a price-to-earnings ratio of 10.82 and a beta of 0.27. LightInTheBox has a 1-year low of $0.87 and a 1-year high of $2.61. The business’s fifty day moving average price is $1.13 and its 200 day moving average price is $1.14.

LightInTheBox (NYSE:LITB – Get Rating) last issued its earnings results on Wednesday, March 30th. The technology company reported $0.07 earnings per share for the quarter. LightInTheBox had a return on equity of 22.75% and a net margin of 2.94%. The company had revenue of $113.15 million for the quarter.

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in LightInTheBox in the 4th quarter worth about $36,000. Invesco Ltd. acquired a new position in LightInTheBox in the 4th quarter worth about $53,000. Citadel Advisors LLC boosted its stake in shares of LightInTheBox by 99.3% during the 3rd quarter. Citadel Advisors LLC now owns 33,645 shares of the technology company’s stock worth $46,000 after acquiring an additional 16,761 shares in the last quarter. Millennium Management LLC bought a new stake in shares of LightInTheBox during the 2nd quarter worth about $279,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of LightInTheBox during the 2nd quarter worth about $59,000. 54.25% of the stock is currently owned by institutional investors.

About LightInTheBox (Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly from manufacturers to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, electronics and communication devices, and other products.

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