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

Posted by Thomas Dobrow on Apr 19th, 2024

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Free Report) in a research report report published on Thursday. The brokerage issued a buy rating on the technology company’s stock.

LightInTheBox Price Performance

Shares of NYSE LITB opened at $0.78 on Thursday. The firm’s 50-day moving average price is $0.84 and its two-hundred day moving average price is $1.05. LightInTheBox has a 52-week low of $0.64 and a 52-week high of $1.70.

LightInTheBox (NYSE:LITB – Get Free Report) last announced its quarterly earnings results on Monday, March 25th. The technology company reported ($0.04) EPS for the quarter. The business had revenue of $135.56 million for the quarter.

Institutional Investors Weigh In On LightInTheBox

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of LightInTheBox in the fourth quarter valued at approximately $28,000. Rhumbline Advisers increased its stake in shares of LightInTheBox by 28.6% during the third quarter. Rhumbline Advisers now owns 38,570 shares of the technology company’s stock valued at $46,000 after acquiring an additional 8,580 shares during the period. Renaissance Technologies LLC increased 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 valued at $1,227,000 after acquiring an additional 12,351 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of LightInTheBox during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 56.77% of the company’s stock.

LightInTheBox Company Profile

(Get Free Report)

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.