Boxlight (NASDAQ:BOXL) Shares Set to Reverse Split on Monday, June 22nd

Boxlight Corporation (NASDAQ:BOXL) shares are scheduled to reverse split on Monday, June 22nd. The 1-6 reverse split was announced on Wednesday, June 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 19th.

Boxlight Trading Down 3.5%

Shares of Boxlight stock opened at $0.68 on Thursday. Boxlight has a fifty-two week low of $0.66 and a fifty-two week high of $60.90. The firm has a market cap of $2.71 million, a PE ratio of -0.03 and a beta of 0.77. The business’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.68. The company has a quick ratio of 0.72, a current ratio of 1.63 and a debt-to-equity ratio of 26.20.

Boxlight (NASDAQ:BOXL) last issued its quarterly earnings results on Friday, May 15th. The company reported ($2.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($6.51) by $4.26. The business had revenue of $22.44 million for the quarter, compared to analysts’ expectations of $22.42 million.

Analyst Upgrades and Downgrades

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

Institutional Trading of Boxlight

A number of institutional investors and hedge funds have recently made changes to their positions in BOXL. Scientech Research LLC acquired a new stake in shares of Boxlight during the 3rd quarter worth $33,000. Cary Street Partners Financial LLC acquired a new stake in shares of Boxlight during the 3rd quarter worth $72,000. Finally, Anson Funds Management LP acquired a new stake in shares of Boxlight during the 3rd quarter worth $802,000. 6.49% of the stock is currently owned by institutional investors and hedge funds.

About Boxlight

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.