Lightinthebox (NYSE:LITB) released its earnings results on Friday, March 29th. The technology company reported ($0.36) earnings per share for the quarter, Morningstar.com reports. The company had revenue of $57.54 million during the quarter. Lightinthebox had a negative return on equity of 261.15% and a negative net margin of 26.19%. Lightinthebox updated its Q1 2019 guidance to EPS.
Shares of NYSE:LITB traded down $0.07 during trading on Friday, reaching $1.60. The company had a trading volume of 171,529 shares, compared to its average volume of 192,351. Lightinthebox has a twelve month low of $0.60 and a twelve month high of $2.37.
A hedge fund recently bought a new stake in Lightinthebox stock. TB Alternative Assets Ltd. purchased a new position in Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,537,855 shares of the technology company’s stock, valued at approximately $3,096,000. Lightinthebox accounts for 0.6% of TB Alternative Assets Ltd.’s portfolio, making the stock its 17th largest holding. TB Alternative Assets Ltd. owned 3.69% of Lightinthebox as of its most recent filing with the SEC.
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LightInTheBox Holding Co, Ltd., through its subsidiaries, operates as an online retail company worldwide. It provides apparel products, including customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products.
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