Boxlight’s (BOXL) Hold Rating Reaffirmed at Maxim Group

Boxlight (NASDAQ:BOXL)‘s stock had its “hold” rating reissued by analysts at Maxim Group in a report issued on Monday,Benzinga reports.

Boxlight Price Performance

BOXL opened at $1.11 on Monday. Boxlight has a 1 year low of $1.06 and a 1 year high of $10.65. The stock has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.48. The firm has a market cap of $2.47 million, a PE ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 5.67, a current ratio of 2.10 and a quick ratio of 1.08.

Boxlight (NASDAQ:BOXL) last issued its earnings results on Friday, March 28th. The company reported ($8.35) earnings per share (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 firm had revenue of $30.08 million during the quarter, compared to the consensus estimate of $30.08 million.

Institutional Investors Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC bought a new stake in shares of Boxlight Co. (NASDAQ:BOXL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned 3.77% of Boxlight as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.49% of the company’s stock.

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.