StockNews.com Initiates Coverage on LightInTheBox (NYSE:LITB)

StockNews.com assumed coverage on shares of LightInTheBox (NYSE:LITBFree Report) in a report issued on Sunday morning. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Trading Down 1.1 %

Shares of LITB stock opened at $2.23 on Friday. LightInTheBox has a 1 year low of $2.02 and a 1 year high of $8.04. The firm’s fifty day simple moving average is $2.82 and its 200 day simple moving average is $3.76. The firm has a market capitalization of $247.90 million, a P/E ratio of -27.88 and a beta of 0.94.

LightInTheBox (NYSE:LITBGet Free Report) last announced its quarterly earnings data on Friday, August 2nd. The technology company reported $0.06 EPS for the quarter. The company had revenue of $69.36 million for the quarter.

About LightInTheBox

(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.

Further Reading

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