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

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) opened at 2.68 on Tuesday. The firm’s 50-day moving average price is $2.70 and its 200 day moving average price is $2.93. LightInTheBox Holding Co. has a one year low of $1.95 and a one year high of $4.29. The company’s market capitalization is $184.38 million.

LightInTheBox Holding Co. (NYSE:LITB) last issued its quarterly earnings data on Monday, September 19th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. LightInTheBox Holding Co. had a positive return on equity of 13.80% and a negative net margin of 5.58%. The company earned $65.60 million during the quarter. On average, equities research analysts expect that LightInTheBox Holding Co. will post ($0.02) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in LightInTheBox Holding Co. stock. Prudence Asset Management Ltd raised its stake in shares of LightInTheBox Holding Co. Ltd. (NYSE:LITB) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,821 shares of the company’s stock after buying an additional 7,535 shares during the period. LightInTheBox Holding Co. accounts for 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 at the end of the most recent reporting period. Institutional investors own 0.63% of the company’s stock.

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About LightInTheBox Holding Co.

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.

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