Boxlight (NASDAQ:BOXL) Shares Set to Reverse Split on Tuesday, December 23rd

Shares of Boxlight Corporation (NASDAQ:BOXL) are going to reverse split on the morning of Tuesday, December 23rd. The 1-6 reverse split was announced on Friday, December 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 22nd.

Boxlight Price Performance

BOXL stock traded down $0.01 during mid-day trading on Friday, reaching $0.66. 524,732 shares of the company traded hands, compared to its average volume of 1,423,465. The company has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.74. Boxlight has a 52-week low of $0.60 and a 52-week high of $10.65. The company has a market capitalization of $3.77 million, a P/E ratio of -0.05 and a beta of 0.88.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings results on Friday, November 14th. The company reported ($1.88) earnings per share for the quarter, missing the consensus estimate of ($1.21) by ($0.67). The firm had revenue of $29.34 million during the quarter, compared to analysts’ expectations of $24.00 million.

Analyst Upgrades and Downgrades

BOXL has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a report on Tuesday, October 14th. Wall Street Zen raised Boxlight to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Boxlight has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Boxlight

Institutional investors have recently modified their holdings of the company. Anson Funds Management LP bought a new stake in Boxlight in the third quarter valued at approximately $802,000. Kazazian Asset Management LLC purchased a new stake in Boxlight during the 2nd quarter valued at $395,000. Cary Street Partners Financial LLC bought a new stake in Boxlight in the 3rd quarter worth $72,000. Finally, Scientech Research LLC purchased a new position in shares of Boxlight in the third quarter valued at about $33,000. 6.49% of the stock is currently owned by institutional investors.

About Boxlight

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.