LITB Stock Surges 5.26% Amid Strong Financial Performance

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Oct 02, 2024
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LITB saw its stock price surge by 5.26%, trading at $2.80 per share with a trading volume of 4,997 shares and a turnover rate of 0.03%. The stock's recent financial report shows a revenue of $69.36 million, net profit of $623,000, earnings per share of $0.03, and gross profit of $43.29 million. The price-to-earnings ratio stands at -7.69. Currently, no institutional ratings (buy, hold, sell) are available for this stock.

In the broader internet retail sector, which saw an overall decline of 0.42%, notable gainers include Oriental Culture, Mogu Inc., and Ipower Inc. Active stocks in the sector are Jowell Global, JD.com, and Dada Nexus, with turnover rates of 7.56%, 2.80%, and 2.58% respectively. Stocks with significant price amplitude include Jowell Global (33.47%), Linkage Global Inc (18.50%), and Ipower Inc (18.45%).

LITB, also known as LightInTheBox, is an online retail company providing products directly to consumers worldwide. The company offers a range of products including custom and fast fashion apparel, accessories, home and garden products, electronics, and communication devices. LITB also provides logistics services to e-commerce retailers and small businesses, operating primarily in Europe, North America, and other regions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.