Wall Street Zen Downgrades Boxlight (NASDAQ:BOXL) to Sell

Boxlight (NASDAQ:BOXL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Boxlight Stock Performance

Shares of NASDAQ BOXL opened at $2.19 on Friday. Boxlight has a fifty-two week low of $2.01 and a fifty-two week high of $63.90. The stock has a market cap of $2.08 million, a PE ratio of -0.03 and a beta of 0.89. The stock has a fifty day moving average of $1.19 and a 200-day moving average of $1.74.

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

Institutional Trading of Boxlight

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

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.