LightInTheBox (NYSE:LITB – Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. LightInTheBox had a net margin of 2.47% and a negative return on equity of 49.34%. The business had revenue of $62.96 million for the quarter.
LightInTheBox Trading Down 9.1%
Shares of NYSE LITB opened at $2.19 on Tuesday. The stock has a market cap of $40.27 million, a P/E ratio of 7.55 and a beta of -0.32. The business’s fifty day simple moving average is $2.62 and its 200-day simple moving average is $2.41. LightInTheBox has a 12-month low of $1.00 and a 12-month high of $4.17.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightInTheBox in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Institutional Investors Weigh In On LightInTheBox
An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 56.77% of the company’s stock.
LightInTheBox Company Profile
LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.
Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.
Further Reading
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