Somewhat Positive Media Coverage Somewhat Unlikely to Impact LightInTheBox Holding Co. (LITB) Share Price
Media headlines about LightInTheBox Holding Co. (NYSE:LITB) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LightInTheBox Holding Co. earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.5580198614006 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of LightInTheBox Holding Co. (LITB) opened at 2.75 on Thursday. The firm has a 50-day moving average price of $2.77 and a 200 day moving average price of $2.72. The firm’s market cap is $189.20 million. LightInTheBox Holding Co. has a one year low of $2.10 and a one year high of $3.23.
LightInTheBox Holding Co. (NYSE:LITB) last released its quarterly earnings data on Thursday, June 15th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). LightInTheBox Holding Co. had a negative return on equity of 9.62% and a negative net margin of 3.01%. The business had revenue of $72.70 million for the quarter, compared to the consensus estimate of $70.86 million. On average, analysts forecast that LightInTheBox Holding Co. will post $0.01 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on LITB shares. ValuEngine downgraded LightInTheBox Holding Co. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded LightInTheBox Holding Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st.
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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