LightInTheBox (NYSE:LITB) Coverage Initiated at StockNews.com

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

LightInTheBox Price Performance

NYSE LITB opened at $1.22 on Thursday. The firm has a market cap of $22.43 million, a P/E ratio of -3.49 and a beta of 0.26. The stock’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.53. LightInTheBox has a fifty-two week low of $0.91 and a fifty-two week high of $6.00.

LightInTheBox (NYSE:LITB) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $47.02 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. XTX Topco Ltd bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 12,526 shares of the technology company’s stock, valued at approximately $25,000. XTX Topco Ltd owned 0.07% of LightInTheBox as of its most recent filing with the SEC. 56.77% of the stock is 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 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.