Boxlight (NASDAQ:BOXL) Shares Set to Reverse Split on Tuesday, December 23rd

Boxlight Corporation (NASDAQ:BOXL)’s stock is going to reverse split before the market opens on Tuesday, December 23rd. The 1-6 reverse split was announced on Friday, December 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 22nd.

Boxlight Stock Performance

BOXL traded down $0.01 during trading on Friday, reaching $0.66. The company’s stock had a trading volume of 524,732 shares, compared to its average volume of 1,423,465. The company’s fifty day moving average price is $1.19 and its 200-day moving average price is $1.74. Boxlight has a 52-week low of $0.60 and a 52-week high of $10.65. The company has a market capitalization of $3.77 million, a price-to-earnings ratio of -0.05 and a beta of 0.88.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings results on Friday, November 14th. The company reported ($1.88) EPS for the quarter, missing the consensus estimate of ($1.21) by ($0.67). The firm had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.00 million.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BOXL shares. Wall Street Zen raised shares of Boxlight to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Boxlight currently has an average rating of “Reduce”.

Institutional Trading of Boxlight

Large investors have recently modified their holdings of the business. Anson Funds Management LP purchased a new position in shares of Boxlight during the 3rd quarter worth approximately $802,000. Kazazian Asset Management LLC purchased a new stake in Boxlight in the 2nd quarter valued at approximately $395,000. Cary Street Partners Financial LLC purchased a new stake in Boxlight in the 3rd quarter valued at approximately $72,000. Finally, Scientech Research LLC acquired a new stake in Boxlight during the 3rd quarter valued at $33,000. 6.49% of the stock is currently owned by institutional investors and hedge funds.

About Boxlight

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.