Boxlight (NASDAQ:BOXL) Stock Price Up 14.9%

Shares of Boxlight Corp (NASDAQ:BOXL) rose 14.9% on Thursday . The stock traded as high as $1.85 and last traded at $1.85. Approximately 7,841,434 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 6,986,195 shares. The stock had previously closed at $1.61.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Boxlight from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Monday, August 24th. National Securities upped their price objective on shares of Boxlight from $2.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Alliance Global Partners raised their target price on Boxlight from $1.75 to $2.75 in a research note on Friday, August 14th. Finally, Maxim Group upped their price target on Boxlight from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Monday, August 17th.

The company’s fifty day simple moving average is $1.71 and its 200 day simple moving average is $1.25. The company has a current ratio of 1.28, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $94.03 million, a P/E ratio of -2.93 and a beta of 4.19.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $7.83 million for the quarter, compared to analysts’ expectations of $8.80 million. Boxlight had a negative net margin of 22.74% and a negative return on equity of 172.34%. On average, analysts predict that Boxlight Corp will post -0.01 earnings per share for the current fiscal year.

In related news, insider K Laser Technology Inc. sold 140,809 shares of Boxlight stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $1.61, for a total transaction of $226,702.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 7.27% of the company’s stock.

An institutional investor recently raised its position in Boxlight stock. UBS Group AG boosted its holdings in Boxlight Corp (NASDAQ:BOXL) by 2,118.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,922 shares of the company’s stock after purchasing an additional 33,348 shares during the quarter. UBS Group AG owned about 0.11% of Boxlight worth $32,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.40% of the company’s stock.

Boxlight Company Profile (NASDAQ:BOXL)

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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