Boxlight Stock Scheduled to Reverse Split on Tuesday, February 18th (NASDAQ:BOXL)

Boxlight Co. (NASDAQ:BOXL) shares are set to reverse split on the morning of Tuesday, February 18th. The 1-5 reverse split was announced on Thursday, February 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Boxlight Trading Down 9.1 %

Shares of BOXL stock opened at $0.51 on Friday. The company’s 50-day moving average price is $0.66 and its 200-day moving average price is $0.54. The company has a current ratio of 2.10, a quick ratio of 1.08 and a debt-to-equity ratio of 5.67. The stock has a market cap of $4.98 million, a price-to-earnings ratio of -0.16 and a beta of 1.46. Boxlight has a twelve month low of $0.30 and a twelve month high of $2.13.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BOXL shares. HC Wainwright reaffirmed a “buy” rating and issued a $1.00 target price on shares of Boxlight in a research report on Thursday, November 14th. Alliance Global Partners cut shares of Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boxlight stock. Kazazian Asset Management LLC purchased a new position in shares of Boxlight Co. (NASDAQ:BOXL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned 3.77% of Boxlight at the end of the most recent reporting period. 6.49% of the stock is owned by hedge funds and other institutional investors.

Boxlight Company Profile

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.