Weiss Ratings Reiterates “Sell (E+)” Rating for Boxlight (NASDAQ:BOXL)

Boxlight (NASDAQ:BOXL)‘s stock had its “sell (e+)” rating restated by Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Boxlight Price Performance

Boxlight stock opened at $1.89 on Tuesday. Boxlight has a 12 month low of $1.06 and a 12 month high of $10.65. The business has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $1.87. The stock has a market capitalization of $5.02 million, a PE ratio of -0.14 and a beta of 0.99.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($1.53) EPS for the quarter, missing the consensus estimate of ($1.33) by ($0.20). The firm had revenue of $30.85 million during the quarter, compared to analyst estimates of $27.29 million.

Institutional Investors Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC acquired a new position in Boxlight Corporation (NASDAQ:BOXL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 224,500 shares of the company’s stock, valued at approximately $395,000. Kazazian Asset Management LLC owned approximately 8.47% of Boxlight as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.