Boxlight Corp (NASDAQ:BOXL) Major Shareholder Sells $707,979.00 in Stock

Boxlight Corp (NASDAQ:BOXL) major shareholder K Laser Technology Inc. sold 707,979 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $1.00, for a total transaction of $707,979.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

K Laser Technology Inc. also recently made the following trade(s):

  • On Wednesday, June 10th, K Laser Technology Inc. sold 1,760,729 shares of Boxlight stock. The shares were sold at an average price of $1.00, for a total value of $1,760,729.00.

Shares of Boxlight stock opened at $0.92 on Friday. The firm has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $0.93. Boxlight Corp has a fifty-two week low of $0.33 and a fifty-two week high of $3.06.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.14). The business had revenue of $5.72 million during the quarter, compared to analysts’ expectations of $7.05 million. Boxlight had a negative net margin of 19.76% and a negative return on equity of 449.12%. On average, sell-side analysts predict that Boxlight Corp will post -0.32 earnings per share for the current year.

A number of equities research analysts have recently weighed in on BOXL shares. Maxim Group restated a “buy” rating and set a $2.00 price target on shares of Boxlight in a research note on Thursday, June 11th. National Securities raised Boxlight from a “neutral” rating to a “buy” rating in a report on Tuesday, May 19th. Finally, Zacks Investment Research raised shares of Boxlight from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Monday, May 18th.

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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