Boxlight (NASDAQ:BOXL) Trading Down 13.3% – Here’s What Happened

Boxlight Corporation (NASDAQ:BOXL) traded down 13.3% during mid-day trading on Friday . The company traded as low as $0.6620 and last traded at $0.68. 138,893 shares were traded during mid-day trading, an increase of 16% from the average session volume of 119,538 shares. The stock had previously closed at $0.7839.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a research report on Wednesday, April 8th. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Boxlight currently has a consensus rating of “Sell”.

Boxlight Price Performance

The company has a quick ratio of 0.72, a current ratio of 1.63 and a debt-to-equity ratio of 26.20. The firm has a market cap of $2.72 million, a P/E ratio of -0.03 and a beta of 0.77. The business has a fifty day moving average of $1.02 and a 200 day moving average of $1.95.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings results on Friday, May 15th. The company reported ($2.25) EPS for the quarter, topping analysts’ consensus estimates of ($6.51) by $4.26. The business had revenue of $22.44 million for the quarter, compared to the consensus estimate of $22.42 million.

Institutional Investors Weigh In On Boxlight

A number of institutional investors have recently made changes to their positions in BOXL. Anson Funds Management LP bought a new stake in shares of Boxlight during the third quarter worth approximately $802,000. Cary Street Partners Financial LLC bought a new stake in Boxlight during the third quarter worth $72,000. Finally, Scientech Research LLC bought a new stake in Boxlight during the third quarter worth $33,000. Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.