Boxlight (NASDAQ:BOXL) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Boxlight (NASDAQ:BOXL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Boxlight has an average rating of “Reduce”.

Boxlight Trading Down 8.7%

Shares of NASDAQ BOXL opened at $2.00 on Friday. The company has a market capitalization of $1.90 million, a price-to-earnings ratio of -0.02 and a beta of 0.89. Boxlight has a twelve month low of $1.97 and a twelve month high of $63.90. The business has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.74.

Boxlight (NASDAQ:BOXL) last issued its earnings results on Friday, November 14th. The company reported ($1.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.21) by ($0.67). The business had revenue of $29.34 million for the quarter, compared to analysts’ expectations of $24.00 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kazazian Asset Management LLC acquired a new stake in shares of Boxlight during the 2nd quarter valued at $395,000. Cary Street Partners Financial LLC purchased a new stake in shares of Boxlight during the third quarter valued at $72,000. Anson Funds Management LP acquired a new position in shares of Boxlight in the 3rd quarter valued at $802,000. Finally, Scientech Research LLC purchased a new position in Boxlight in the 3rd quarter worth about $33,000. Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.