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

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

Shares of NYSE:LITB opened at $1.16 on Friday. The stock has a market capitalization of $131.15 million, a price-to-earnings ratio of 10.55 and a beta of 0.28. LightInTheBox has a 1-year low…….

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

Shares of NYSE:LITB opened at $1.16 on Friday. The stock has a market capitalization of $131.15 million, a price-to-earnings ratio of 10.55 and a beta of 0.28. LightInTheBox has a 1-year low of $0.87 and a 1-year high of $3.15. The company’s fifty day moving average is $1.09 and its two-hundred day moving average is $1.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.76.

LightInTheBox (NYSE:LITB – Get Rating) last issued its earnings results on Wednesday, March 30th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $113.15 million for the quarter. LightInTheBox had a net margin of 2.94% and a return on equity of 22.75%.

Large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of LightInTheBox during the second quarter worth $33,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of LightInTheBox by 43.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,849 shares of the technology company’s stock worth $30,000 after acquiring an additional 6,640 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of LightInTheBox in the 2nd quarter worth about $59,000. Virtu Financial LLC acquired a new stake in shares of LightInTheBox in the 4th quarter worth about $36,000. Finally, Invesco Ltd. acquired a new stake in shares of LightInTheBox in the 4th quarter worth about $53,000. 54.25% of the stock is currently owned by institutional investors.

About LightInTheBox (Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly from manufacturers 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, electronics and communication devices, and other products.

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Source: https://www.marketbeat.com/instant-alerts/nyse-litb-a-buy-or-sell-right-now-2022-05-2/

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