Dale Strang Sells 10,610 Shares of Boxlight Co. (NASDAQ:BOXL) Stock

Boxlight Co. (NASDAQ:BOXLGet Rating) Director Dale Strang sold 10,610 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $0.99, for a total value of $10,503.90. Following the transaction, the director now owns 65,593 shares of the company’s stock, valued at $64,937.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Boxlight stock opened at $0.96 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.02 and a quick ratio of 1.04. Boxlight Co. has a one year low of $0.80 and a one year high of $2.97. The stock has a market capitalization of $63.22 million, a PE ratio of -4.58 and a beta of 3.31. The business’s fifty day moving average is $1.10 and its 200 day moving average is $1.27.

Boxlight (NASDAQ:BOXLGet Rating) last announced its earnings results on Thursday, March 17th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $39.49 million. Boxlight had a negative return on equity of 26.77% and a negative net margin of 6.84%. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, sell-side analysts expect that Boxlight Co. will post -0.07 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC boosted its position in Boxlight by 22.0% in the third quarter. Cubist Systematic Strategies LLC now owns 38,200 shares of the company’s stock worth $86,000 after purchasing an additional 6,900 shares during the last quarter. Redmond Asset Management LLC lifted its position in shares of Boxlight by 5.6% during the 4th quarter. Redmond Asset Management LLC now owns 185,451 shares of the company’s stock valued at $256,000 after buying an additional 9,846 shares in the last quarter. Barclays PLC lifted its position in shares of Boxlight by 1,528.0% during the 3rd quarter. Barclays PLC now owns 13,529 shares of the company’s stock valued at $30,000 after buying an additional 12,698 shares in the last quarter. State Street Corp lifted its position in shares of Boxlight by 7.2% during the 1st quarter. State Street Corp now owns 218,699 shares of the company’s stock valued at $262,000 after buying an additional 14,621 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Boxlight during the 3rd quarter valued at about $43,000. 14.78% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Boxlight from a “hold” rating to a “sell” rating in a report on Friday. HC Wainwright reduced their price target on Boxlight from $4.00 to $3.00 and set a “buy” rating for the company in a report on Tuesday, May 17th.

About Boxlight (Get Rating)

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides 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, noninteractive 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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