LightInTheBox (NYSE:LITB) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

LightInTheBox Stock Performance

LITB opened at $1.26 on Wednesday. The firm has a market cap of $142.74 million, a P/E ratio of -2.57 and a beta of 0.42. The firm has a 50-day moving average of $1.36 and a 200 day moving average of $1.27. LightInTheBox has a fifty-two week low of $0.73 and a fifty-two week high of $1.88.

LightInTheBox (NYSE:LITB – Get Rating) last posted its quarterly earnings results on Monday, March 20th. The technology company reported ($0.03) earnings per share for the quarter. The company had revenue of $156.42 million for the quarter. LightInTheBox had a negative net margin of 11.23% and a negative return on equity of 28.91%.

Institutional Investors Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Jane Street Group LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,382 shares of the technology company’s stock, valued at approximately $33,000. Institutional investors and hedge funds own 7.90% of the company’s stock.

About LightInTheBox

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LightInTheBox Holding Co, Ltd. engages in the online retail sale and distribution of consumer products. It operates through the Product Sales; and Services and Others segments. The Product sales segment comprises of sales of products including apparel and other general merchandize through its websites and mobile applications and other supplemental online.