StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB - Get Free Report) in a note issued to investors on Sunday. The firm set a "buy" rating on the technology company's stock.
LightInTheBox Stock Performance
LITB traded down $0.13 during midday trading on Friday, hitting $0.52. The company had a trading volume of 390,535 shares, compared to its average volume of 158,579. The company has a market capitalization of $57.81 million, a PE ratio of -6.50 and a beta of 0.95. LightInTheBox has a twelve month low of $0.40 and a twelve month high of $1.47. The firm's 50-day simple moving average is $0.66 and its 200-day simple moving average is $0.74.
LightInTheBox shares are set to reverse split before the market opens on Thursday, September 5th. The 1-6 reverse split was announced on Tuesday, August 27th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 4th.
LightInTheBox (NYSE:LITB - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The technology company reported $0.01 EPS for the quarter. The business 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.
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