LightInTheBox Holding Co., Ltd. (LITB) Stock Rating Lowered by Zacks Investment Research

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “LightInTheBox Holding Co. provides online retail products to consumers. The company offers products in three categories of apparel, small accessories and gadgets and home and garden. It provides products through www.lightinthebox.com, www.miniinthebox.com and other websites. LightInTheBox Holding Co. is based in Beijing, China. “

LightInTheBox Holding Co. (NYSE:LITB) remained flat at $2.98 during midday trading on Monday. The company had a trading volume of 16,022 shares. The firm’s 50-day moving average is $3.03 and its 200 day moving average is $2.92. LightInTheBox Holding Co. has a 1-year low of $1.95 and a 1-year high of $3.59. The company’s market cap is $205.02 million.

LightInTheBox Holding Co. (NYSE:LITB) last posted its earnings results on Monday, December 12th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $64.40 million for the quarter. LightInTheBox Holding Co. had a positive return on equity of 2.48% and a negative net margin of 3.45%. Equities research analysts forecast that LightInTheBox Holding Co. will post $0.02 EPS for the current year.

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A hedge fund recently raised its stake in LightInTheBox Holding Co. stock. Prudence Asset Management Ltd boosted its position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,821 shares of the company’s stock after buying an additional 7,535 shares during the period. LightInTheBox Holding Co. comprises about 0.2% of Prudence Asset Management Ltd’s investment portfolio, making the stock its 13th largest position. Prudence Asset Management Ltd owned 0.13% of LightInTheBox Holding Co. worth $299,000 as of its most recent SEC filing. 0.63% of the stock is owned by institutional investors.

LightInTheBox Holding Co. Company Profile

LightInTheBox Holding Co, Ltd. (LightInTheBox) is an online retail company that delivers products directly to consumers around the world. The Company offers a range of products through www.lightinthebox.com, www.miniinthebox.com and its other Websites, as well as mobile applications, which are available in approximately 30 languages.

5 Day Chart for NYSE:LITB

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