LightInTheBox (NYSE:LITB) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of LightInTheBox (NYSE:LITB – Get Rating) in a note issued to investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

LightInTheBox Price Performance

Shares of LITB opened at $1.22 on Friday. LightInTheBox has a 12-month low of $0.73 and a 12-month high of $1.88. The firm has a market capitalization of $138.21 million, a price-to-earnings ratio of -2.60 and a beta of 0.43. The stock’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.30.

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LightInTheBox (NYSE:LITB – Get Rating) last announced its earnings results on Friday, May 26th. The technology company reported ($0.03) EPS for the quarter. LightInTheBox had a negative return on equity of 38.46% and a negative net margin of 9.87%. The business had revenue of $147.78 million during the quarter.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Jane Street Group LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Rating) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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

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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.

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