Boxlight (NASDAQ:BOXL) Announces Quarterly Earnings Results

Boxlight (NASDAQ:BOXL) issued its quarterly earnings data on Friday. The company reported ($2.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.51) by $4.26, FiscalAI reports. The business had revenue of $22.44 million during the quarter, compared to the consensus estimate of $22.42 million.

Boxlight Stock Performance

Shares of NASDAQ BOXL traded down $0.02 during midday trading on Friday, hitting $0.85. The stock had a trading volume of 31,988 shares, compared to its average volume of 122,199. The company’s 50-day simple moving average is $1.12 and its 200 day simple moving average is $2.70. Boxlight has a fifty-two week low of $0.70 and a fifty-two week high of $60.90. The company has a quick ratio of 0.73, a current ratio of 1.62 and a debt-to-equity ratio of 26.20.

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC acquired a new stake in Boxlight Corporation (NASDAQ:BOXL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned about 0.52% of Boxlight at the end of the most recent quarter. 6.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOXL. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research note on Wednesday, April 8th. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.