StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB - Free Report) in a report issued on Thursday. The firm issued a buy rating on the technology company's stock.
LightInTheBox Trading Down 0.9 %
Shares of LightInTheBox stock traded down $0.01 during mid-day trading on Thursday, hitting $0.78. 90,525 shares of the stock were exchanged, compared to its average volume of 104,654. The stock has a market capitalization of $86.99 million, a price-to-earnings ratio of -10.11 and a beta of 0.89. The company has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $1.05. LightInTheBox has a twelve month low of $0.64 and a twelve month high of $1.70.
LightInTheBox (NYSE:LITB - Get Free Report) last announced its quarterly earnings data on Monday, March 25th. The technology company reported ($0.04) EPS for the quarter. The company had revenue of $135.56 million for the quarter.
Hedge Funds Weigh In On LightInTheBox
A number of institutional investors have recently modified their holdings of LITB. Renaissance Technologies LLC raised its stake in LightInTheBox by 1.2% during the second quarter. Renaissance Technologies LLC now owns 1,040,131 shares of the technology company's stock valued at $1,227,000 after buying an additional 12,351 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of LightInTheBox by 28.6% in the third quarter. Rhumbline Advisers now owns 38,570 shares of the technology company's stock worth $46,000 after buying an additional 8,580 shares during the period. Jane Street Group LLC purchased a new position in shares of LightInTheBox in the 2nd quarter valued at $33,000. Finally, Citadel Advisors LLC acquired a new stake in LightInTheBox during the 4th quarter worth about $28,000. 56.77% of the stock is owned by institutional investors and hedge funds.
About LightInTheBox
(
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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.
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