Boxlight Co. (NASDAQ:BOXL) director sells $10,503.90 worth of stock

Boxlight Co. (NASDAQ:BOXL – Get Rating) head Dale Strang sold 10,610 shares in a trade on Friday, May 20. The stock was sold at an average price of $0.99, for a total transaction of $10,503.90. Following the sale, the director now owns 65,593 shares of the company, valued at approximately $64,937.07. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.

NASDAQ BOXL shares traded down $0.05 at midday Friday, hitting $0.96. The company had a trading volume of 287,425 shares, compared to an average volume of 660,077. The company has a quick ratio of 1.04, a current ratio of 2.02 and a leverage ratio of 0.88. Boxlight Co. has a 12-month low of $0.80 and a 12-month high of $2.97. The company has a 50-day simple moving average of $1.10 and a two-hundred-day simple moving average of $1.29. The company has a market capitalization of $63.22 million, a price-earnings ratio of -4.65 and a beta of 3.31.

Boxlight (NASDAQ:BOXL – Get Rating) last reported quarterly earnings data on Thursday, March 17. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Boxlight had a negative net margin of 6.84% and a negative return on equity of 26.77%. The company posted revenue of $44.00 million in the quarter, versus analyst estimates of $39.49 million. In the same quarter last year, the company achieved EPS of $0.01. On average, stock analysts expect Boxlight Co. to post EPS of 0.01 for the current year.

A number of brokerages have weighed in on BOXL recently. HC Wainwright cut its price target on Boxlight shares from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Tuesday. Zacks Investment Research upgraded Boxlight’s shares from a “hold” rating to a “sell” rating in a Tuesday, March 22 research note. Finally, Maxim Group reduced its target price on Boxlight shares from $7.00 to $4.00 in a Thursday, January 20 research note.

A number of large investors have recently bought and sold shares of BOXL. Barclays PLC increased its stake in Boxlight by 1,528.0% during the third quarter. Barclays PLC now owns 13,529 shares in the company valued at $30,000 after acquiring a further 12,698 shares last quarter. GSA Capital Partners LLP bought a new position in Boxlight during Q3 worth approximately $43,000. JPMorgan Chase & Co. increased its stake in Boxlight by 4,449.9% during the 4th quarter. JPMorgan Chase & Co. now owns 39,402 shares of the company valued at $54,000 after acquiring 38,536 additional shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Boxlight during the fourth quarter worth approximately $76,000. Finally, Cubist Systematic Strategies LLC increased its holdings of Boxlight shares by 22.0% during the third quarter. Cubist Systematic Strategies LLC now owns 38,200 shares of the company worth $86,000 after purchasing an additional 6,900 shares last quarter. Hedge funds and other institutional investors hold 14.78% of the company’s shares.

Boxlight Company Profile (Get a rating)

Boxlight Corporation, an educational technology company, develops, sells and services interactive classroom solutions for the education market worldwide. The Company offers a line of interactive classroom technology products primarily aimed at the K-12 education market. Its products include interactive projectors, interactive flat panels, interactive touch projectors, non-interactive projectors, touch boards and MimioTeach which could make any whiteboard interactive; and accessory document cameras, teacher tablets for remote control and assessment systems.

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Insider buying and selling by quarter for Boxlight (NASDAQ:BOXL)

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