Boxlight (NASDAQ:BOXL) Releases Earnings Results

Boxlight (NASDAQ:BOXL) released its quarterly earnings data on Friday, May 15th. The company reported ($2.25) EPS for the quarter, beating analysts’ consensus estimates of ($39.06) by $36.81, Zacks reports. The business had revenue of $22.44 million during the quarter, compared to analysts’ expectations of $22.42 million.

Boxlight Stock Up 6.3%

Shares of BOXL stock traded up $0.23 during trading on Monday, hitting $3.81. 100,370 shares of the company were exchanged, compared to its average volume of 614,508. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63. The firm has a market capitalization of $15.89 million, a price-to-earnings ratio of -0.17 and a beta of 0.77. Boxlight has a twelve month low of $3.58 and a twelve month high of $365.40. The business’s 50-day simple moving average is $5.48 and its 200 day simple moving average is $9.68.

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new position in Boxlight stock. Scientech Research LLC purchased a new position in shares of Boxlight Corporation (NASDAQ:BOXL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight as of its most recent SEC filing. Institutional investors own 6.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BOXL shares. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.