Maxim Group Reiterates “Hold” Rating for Boxlight (NASDAQ:BOXL)

Maxim Group reaffirmed their hold rating on shares of Boxlight (NASDAQ:BOXL) in a research report released on Monday morning, Marketbeat reports.

Boxlight Trading Up 6.3 %

Boxlight stock opened at $1.18 on Monday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.08 and a current ratio of 2.10. The stock has a market cap of $2.63 million, a PE ratio of -0.07 and a beta of 1.41. The stock has a 50-day moving average of $1.93 and a two-hundred day moving average of $2.47. Boxlight has a one year low of $1.06 and a one year high of $10.65.

Boxlight (NASDAQ:BOXL) last released its earnings results on Friday, March 28th. The company reported ($8.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($8.06). Boxlight had a negative return on equity of 164.45% and a negative net margin of 19.44%. The company had revenue of $30.08 million during the quarter, compared to analyst estimates of $30.08 million.

Hedge Funds Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC purchased a new stake in shares of Boxlight Co. (NASDAQ:BOXL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned about 3.77% of Boxlight as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.49% of the company’s stock.

About Boxlight

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.