Boxlight Co. (NASDAQ:BOXL) Director Sells $10,503.90 in Stock

Boxlight Co. (NASDAQ:BOXLGet Rating) Director Dale Strang sold 10,610 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $0.99, for a total transaction of $10,503.90. Following the sale, the director now owns 65,593 shares of the company’s stock, valued at approximately $64,937.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NASDAQ BOXL traded down $0.05 during midday trading on Friday, hitting $0.96. The company had a trading volume of 287,425 shares, compared to its average volume of 660,077. The company has a quick ratio of 1.04, a current ratio of 2.02 and a debt-to-equity ratio of 0.88. Boxlight Co. has a twelve month low of $0.80 and a twelve month high of $2.97. The business has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $1.29. The firm has a market capitalization of $63.22 million, a price-to-earnings ratio of -4.65 and a beta of 3.31.

Boxlight (NASDAQ:BOXLGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Boxlight had a negative net margin of 6.84% and a negative return on equity of 26.77%. The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $39.49 million. During the same quarter last year, the business earned $0.01 EPS. On average, equities analysts forecast that Boxlight Co. will post 0.01 EPS for the current year.

A number of brokerages recently weighed in on BOXL. HC Wainwright decreased their price target on shares of Boxlight from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Tuesday. Zacks Investment Research cut shares of Boxlight from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. Finally, Maxim Group reduced their target price on shares of Boxlight from $7.00 to $4.00 in a research note on Thursday, January 20th.

A number of large investors have recently bought and sold shares of BOXL. Barclays PLC increased its holdings in Boxlight by 1,528.0% during the 3rd quarter. Barclays PLC now owns 13,529 shares of the company’s stock valued at $30,000 after acquiring an additional 12,698 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Boxlight during the 3rd quarter valued at about $43,000. JPMorgan Chase & Co. increased its holdings in Boxlight by 4,449.9% during the 4th quarter. JPMorgan Chase & Co. now owns 39,402 shares of the company’s stock valued at $54,000 after acquiring an additional 38,536 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Boxlight during the fourth quarter worth about $76,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Boxlight by 22.0% during the third quarter. Cubist Systematic Strategies LLC now owns 38,200 shares of the company’s stock worth $86,000 after buying an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 14.78% of the company’s stock.

Boxlight Company Profile (Get Rating)

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, noninteractive projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.

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