Boxlight (NASDAQ:BOXL) Trading Down 13.3% – Should You Sell?

Boxlight Corporation (NASDAQ:BOXL) traded down 13.3% on Friday . The company traded as low as $0.6620 and last traded at $0.68. 138,893 shares traded hands during trading, an increase of 16% from the average session volume of 119,538 shares. The stock had previously closed at $0.7839.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BOXL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Boxlight has an average rating of “Sell”.

Boxlight Stock Down 13.3%

The company has a debt-to-equity ratio of 26.20, a current ratio of 1.63 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $1.02 and its 200-day simple moving average is $1.95. The stock has a market cap of $2.72 million, a P/E ratio of -0.03 and a beta of 0.77.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings results on Friday, May 15th. The company reported ($2.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.51) by $4.26. The firm had revenue of $22.44 million for the quarter, compared to analyst estimates of $22.42 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOXL. Scientech Research LLC purchased a new stake in shares of Boxlight during the third quarter valued at $33,000. Cary Street Partners Financial LLC purchased a new stake in shares of Boxlight in the 3rd quarter valued at approximately $72,000. Finally, Anson Funds Management LP acquired a new position in Boxlight in the 3rd quarter worth approximately $802,000. 6.49% of the stock is owned by institutional investors and hedge funds.

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.