Boxlight Corp (NASDAQ:BOXL) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 301,400 shares, an increase of 8.5% from the April 30th total of 277,700 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 532,400 shares, the days-to-cover ratio is presently 0.6 days.
Shares of NASDAQ:BOXL traded up $0.01 during trading on Friday, reaching $2.92. The company had a trading volume of 36,217 shares, compared to its average volume of 44,803. The company has a market cap of $30.81 million, a price-to-earnings ratio of -7.49 and a beta of 5.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.66 and a quick ratio of 0.41. The firm’s fifty day moving average price is $3.01. Boxlight has a fifty-two week low of $1.14 and a fifty-two week high of $5.95.
Boxlight (NASDAQ:BOXL) last released its earnings results on Thursday, May 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.07). Boxlight had a negative net margin of 29.74% and a negative return on equity of 76.32%. The company had revenue of $5.01 million during the quarter, compared to analyst estimates of $7.21 million. On average, equities research analysts expect that Boxlight will post -0.39 EPS for the current fiscal year.
BOXL has been the subject of several recent analyst reports. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Maxim Group set a $25.00 price objective on Agilysys and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Taglich Brothers reiterated a “speculative buy” rating on shares of Boxlight in a research note on Friday, April 5th.
Boxlight Company Profile
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, 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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