Zacks Investment Research Lowers Boxlight (NASDAQ:BOXL) to Sell
Boxlight (NASDAQ: BOXL – Get Score) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released Friday, Zacks.com reports.
According to Zacks, “Boxlight Corporation is an educational technology development company. It offers interactive educational products consisting of software, classroom technologies, professional development and support services. Boxlight Corporation is headquartered in Lawrenceville, Georgia.”
BOXL has been the subject of other reports. HC Wainwright lowered the target price of Boxlight shares from $ 4.00 to $ 3.00 and set a “buy” rating for the company in a research report on Tuesday. Maxim Group lowered its Boxlight stock price target from $ 7.00 to $ 4.00 in a report on Thursday, January 20th.
BOXL was down $ 0.05 during trading on Friday, reaching $ 0.96. The company’s shares had a trading volume of 287,425 shares, compared to its average volume of 660,077. The company has a market capitalization of $ 63.22 million, a price-to-earnings ratio of -4.58 and a beta of 3.31. Boxlight has a twelve-month low of $ 0.80 and a twelve-month high of $ 2.97. The company’s 50-day simple moving average is $ 1.10 and the 200-day simple moving average is $ 1.29. The company has a current ratio of 2.02, a fast ratio of 1.04 and a debt-to-equity ratio of 0.88.
Boxlight (NASDAQ: BOXL – Get Rating) last published its quarterly results on Thursday, March 17th. The company reported earnings per share (EPS) ($ 0.11) for the quarter, missing analyst consensus estimates of ($ 0.09) for ($ 0.02). The company had revenue of $ 44.00 million during the quarter, compared to analysts’ estimates of $ 39.49 million. Boxlight had a negative net margin of 6.84% and a negative return on equity of 26.77%. During the same period last year, the business recorded $ 0.01 EPA. As a group, equity research analysts predict that Boxlight will post 0.01 earnings per share for the current fiscal year.
Recently, several hedge funds have made changes to their positions in BOXL. Millennium Management LLC bought a new position in Boxlight during the third quarter worth about $ 2,151,000. Renaissance Technologies LLC increased its stake in Boxlight by 58.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,552,300 shares of the company’s shares worth $ 2,142,000 after buying an additional 571,600 shares during the period. Long Focus Capital Management LLC bought a new position in Boxlight during the fourth quarter for a value of about $ 414,000. Virtu Financial LLC bought a new position in Boxlight during the fourth quarter for about $ 108,000. Finally, GSA Capital Partners LLP increased its stake in Boxlight by 376.6% during the fourth quarter. GSA Capital Partners LLP now owns 91,900 shares of the company’s stock worth $ 127,000 after buying an additional 72,616 shares during the period. 14.78% of the shares are owned by institutional investors.
Boxlight company profile (Get a score)
Boxlight Corporation, an educational technology company, develops, sells and offers interactive classroom solutions for the worldwide education market. The company offers a range of interactive classroom technology products aimed primarily at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, non-interactive projectors, touch panels, and MimioTeach that can turn any interactive whiteboard into a product. and accessory document cameras, remote control teacher blocks, and assessment systems.
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