Boxlight Corp (NASDAQ:BOXL) shares shot up 3.1% on Thursday . The company traded as high as $3.42 and last traded at $3.37. 2,791 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 904,134 shares. The stock had previously closed at $3.27.

Several analysts recently commented on BOXL shares. Zacks Investment Research raised Boxlight from a “hold” rating to a “strong-buy” rating and set a $3.25 target price on the stock in a report on Wednesday. Maxim Group started coverage on Boxlight in a report on Wednesday. They set a “buy” rating and a $11.00 target price on the stock. Finally, Taglich Brothers reaffirmed a “speculative buy” rating on shares of Boxlight in a report on Friday, April 5th.

The firm has a market capitalization of $30.39 million, a P/E ratio of -8.74 and a beta of 7.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.46.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Thursday, March 28th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $11.99 million for the quarter, compared to analyst estimates of $10.99 million. Boxlight had a negative return on equity of 58.68% and a negative net margin of 21.64%. As a group, research analysts predict that Boxlight Corp will post -0.38 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new stake in Boxlight during the fourth quarter worth about $45,000. Vanguard Group Inc grew its holdings in Boxlight by 102.6% during the third quarter. Vanguard Group Inc now owns 54,226 shares of the company’s stock worth $158,000 after acquiring an additional 27,457 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Boxlight by 102.6% in the third quarter. Vanguard Group Inc. now owns 54,226 shares of the company’s stock valued at $158,000 after purchasing an additional 27,457 shares during the period. 2.22% of the stock is currently owned by hedge funds and other institutional investors.

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Boxlight Company Profile (NASDAQ:BOXL)

Boxlight Corporation, a visual display technology company, sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes 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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