LightInTheBox (NYSE:LITB) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITBGet Rating) in a research note released on Monday. The brokerage issued a hold rating on the technology company’s stock.

Separately, TheStreet cut shares of LightInTheBox from a c- rating to a d rating in a report on Thursday, September 8th.

LightInTheBox Trading Up 5.3 %

Shares of NYSE:LITB opened at $1.20 on Monday. The firm has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $1.06. LightInTheBox has a twelve month low of $0.73 and a twelve month high of $1.57. The company has a market capitalization of $135.67 million, a PE ratio of -24.00 and a beta of 0.36.

LightInTheBox (NYSE:LITBGet Rating) last announced its quarterly earnings results on Tuesday, September 6th. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $132.36 million during the quarter. LightInTheBox had a negative net margin of 1.25% and a negative return on equity of 9.42%.

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:LITBGet Rating) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 34,382 shares of the technology company’s stock, valued at approximately $33,000. Hedge funds and other institutional investors own 7.90% of the company’s stock.

About LightInTheBox

(Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products.

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