Boxlight (BOXL) Shares Gap Down to $2.71

Boxlight Corp (NASDAQ:BOXL) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.24, but opened at $2.71. Boxlight shares last traded at $3.39, with a volume of 27085 shares traded.

Separately, Zacks Investment Research upgraded Boxlight from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, July 31st.

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.61. The company has a market capitalization of $27.53 million and a P/E ratio of -2.16.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Thursday, August 16th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The business had revenue of $9.66 million during the quarter, compared to analyst estimates of $7.06 million. Research analysts expect that Boxlight Corp will post -0.57 earnings per share for the current fiscal year.

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About Boxlight (NASDAQ:BOXL)

Boxlight Corporation, a visual display technology company, sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes 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, 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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