Boxlight (NASDAQ:BOXL) Given Hold Rating at Maxim Group

Maxim Group restated their hold rating on shares of Boxlight (NASDAQ:BOXL) in a report issued on Monday morning,Benzinga reports.

Boxlight Stock Down 10.2 %

BOXL stock opened at $1.15 on Monday. The stock has a market capitalization of $2.56 million, a PE ratio of -0.07 and a beta of 1.41. Boxlight has a 52 week low of $1.11 and a 52 week high of $10.65. The company has a quick ratio of 1.08, a current ratio of 2.10 and a debt-to-equity ratio of 5.67. The firm has a 50 day moving average of $2.18 and a 200 day moving average of $2.50.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings data on Friday, March 28th. The company reported ($8.35) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $30.08 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boxlight stock. Kazazian Asset Management LLC bought a new stake in Boxlight Co. (NASDAQ:BOXL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 SEC filing. 6.49% of the stock is currently owned by institutional investors and hedge funds.

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.