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

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

LightInTheBox Price Performance

Shares of NYSE:LITB opened at $0.75 on Thursday. The firm has a market capitalization of $83.38 million, a PE ratio of -9.38 and a beta of 0.89. LightInTheBox has a 12 month low of $0.64 and a 12 month high of $1.70. The business has a 50-day moving average of $0.83 and a two-hundred day moving average of $1.05.

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

Institutional Trading of LightInTheBox

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of LightInTheBox by 1.2% during 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 in the last quarter. Rhumbline Advisers lifted its position in LightInTheBox by 28.6% during the 3rd quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock worth $46,000 after acquiring an additional 8,580 shares in the last quarter. Jane Street Group LLC purchased a new position in LightInTheBox in the 2nd quarter worth approximately $33,000. Finally, Citadel Advisors LLC acquired a new stake in LightInTheBox in the fourth quarter valued at approximately $28,000. 56.77% of the stock is 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.