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

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

LightInTheBox Stock Performance

Shares of LITB opened at $1.37 on Tuesday. LightInTheBox has a one year low of $0.73 and a one year high of $1.88. The stock’s fifty day moving average is $1.30 and its 200-day moving average is $1.31. The firm has a market capitalization of $155.28 million, a price-to-earnings ratio of -2.91 and a beta of 0.42.

Institutional Trading of LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Jane Street Group LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,382 shares of the technology company’s stock, valued at approximately $33,000. 7.90% of the stock is currently owned by institutional investors.

About LightInTheBox

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers 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, toys and hobbies, electronics and communication devices, and other products.