Boxlight (NASDAQ:BOXL) Shares Scheduled to Reverse Split on Tuesday, December 23rd

Boxlight Corporation (NASDAQ:BOXL)’s stock is scheduled to reverse split on the morning of Tuesday, December 23rd. The 1-6 reverse split was announced on Friday, December 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 22nd.

Boxlight Stock Performance

Shares of BOXL traded down $0.01 during midday trading on Friday, hitting $0.66. The company had a trading volume of 524,732 shares, compared to its average volume of 1,423,465. The company’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.74. The firm has a market capitalization of $3.77 million, a P/E ratio of -0.05 and a beta of 0.88. Boxlight has a 1 year low of $0.60 and a 1 year high of $10.65.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings data on Friday, November 14th. The company reported ($1.88) EPS for the quarter, missing analysts’ consensus estimates of ($1.21) by ($0.67). The firm had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.00 million.

Analyst Ratings Changes

Several research analysts have recently issued reports on BOXL shares. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a report on Tuesday, October 14th. Wall Street Zen upgraded Boxlight to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Boxlight

Several large investors have recently modified their holdings of the stock. Scientech Research LLC acquired a new stake in shares of Boxlight during the third quarter worth $33,000. Cary Street Partners Financial LLC acquired a new position in Boxlight in the 3rd quarter valued at $72,000. Kazazian Asset Management LLC purchased a new position in Boxlight during the 2nd quarter worth $395,000. Finally, Anson Funds Management LP purchased a new position in Boxlight during the 3rd quarter worth $802,000. Hedge funds and other 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.