Boxlight (NASDAQ:BOXL) released its earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11), Bloomberg Earnings reports. Boxlight had a negative return on equity of 76.32% and a negative net margin of 29.74%. The business had revenue of $11.10 million during the quarter, compared to the consensus estimate of $12.42 million. Boxlight updated its FY 2019 guidance to EPS.
Shares of NASDAQ BOXL opened at $2.82 on Wednesday. The stock has a market capitalization of $29.86 million, a PE ratio of -7.23 and a beta of 5.74. Boxlight has a fifty-two week low of $1.14 and a fifty-two week high of $5.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.41 and a current ratio of 0.66. The company has a fifty day moving average of $2.81.
A number of research firms have issued reports on BOXL. Maxim Group set a $11.00 target price on Boxlight and gave the stock a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research cut Boxlight from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, ValuEngine upgraded Boxlight from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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