Maxim Group Reiterates “Hold” Rating for Boxlight (NASDAQ:BOXL)

Boxlight (NASDAQ:BOXL)‘s stock had its “hold” rating reiterated by stock analysts at Maxim Group in a research note issued to investors on Monday,Benzinga reports.

Boxlight Stock Down 6.3 %

BOXL stock traded down $0.08 during mid-day trading on Monday, reaching $1.20. The company had a trading volume of 23,309 shares, compared to its average volume of 231,705. The company has a market capitalization of $2.67 million, a price-to-earnings ratio of -0.08 and a beta of 1.41. Boxlight has a 52 week low of $1.09 and a 52 week high of $10.65. The stock has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $2.51. The company has a debt-to-equity ratio of 5.67, a current ratio of 2.10 and a quick ratio of 1.08.

Boxlight (NASDAQ:BOXL) last released its earnings results on Friday, March 28th. The company reported ($8.35) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($8.06). Boxlight had a negative net margin of 19.44% and a negative return on equity of 164.45%. The firm had revenue of $30.08 million during the quarter, compared to the consensus estimate of $30.08 million.

Institutional Trading of Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC purchased a new stake in shares of Boxlight Co. (NASDAQ:BOXL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned about 3.77% of Boxlight at the end of the most recent reporting period. 6.49% of the stock is currently owned by hedge funds and other institutional investors.

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.