LightInTheBox (NYSE:LITB) Posts Earnings Results

LightInTheBox (NYSE:LITBGet Free Report) announced its earnings results on Wednesday. The technology company reported $0.12 earnings per share for the quarter, FiscalAI reports. LightInTheBox had a negative return on equity of 150.84% and a net margin of 4.07%.The company had revenue of $56.81 million for the quarter.

LightInTheBox Price Performance

LITB stock opened at $3.09 on Wednesday. The stock has a market capitalization of $55.09 million, a P/E ratio of 6.18 and a beta of 0.03. LightInTheBox has a 1-year low of $1.16 and a 1-year high of $4.17. The business has a fifty day moving average price of $3.11 and a 200-day moving average price of $2.79.

Insiders Place Their Bets

In related news, CEO Jian He bought 4,254,553 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $0.26 per share, for a total transaction of $1,106,183.78. Following the purchase, the chief executive officer owned 4,254,553 shares of the company’s stock, valued at approximately $1,106,183.78. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 62.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITBFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

LightInTheBox Company Profile

(Get Free Report)

LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.

Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.

See Also

Earnings History for LightInTheBox (NYSE:LITB)

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