Boxlight Corp (NASDAQ:BOXL) Major Shareholder K Laser Technology Inc. Sells 707,979 Shares

Boxlight Corp (NASDAQ:BOXL) major shareholder K Laser Technology Inc. sold 707,979 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $1.00, for a total transaction of $707,979.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

K Laser Technology Inc. also recently made the following trade(s):

  • On Wednesday, June 10th, K Laser Technology Inc. sold 1,760,729 shares of Boxlight stock. The shares were sold at an average price of $1.00, for a total transaction of $1,760,729.00.

NASDAQ BOXL traded down $0.11 during trading on Tuesday, reaching $0.95. The company’s stock had a trading volume of 170,563 shares, compared to its average volume of 5,214,800. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $24.29 million, a price-to-earnings ratio of -1.61 and a beta of 3.90. Boxlight Corp has a 12 month low of $0.33 and a 12 month high of $3.08. The firm has a 50 day moving average price of $0.86 and a 200 day moving average price of $0.94.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.14). The business had revenue of $5.72 million during the quarter, compared to the consensus estimate of $7.05 million. Boxlight had a negative net margin of 19.76% and a negative return on equity of 449.12%. On average, equities analysts forecast that Boxlight Corp will post -0.32 EPS for the current fiscal year.

A number of research analysts recently commented on BOXL shares. Maxim Group reiterated a “buy” rating and issued a $2.00 price target on shares of Boxlight in a research note on Thursday, June 11th. National Securities raised shares of Boxlight from a “neutral” rating to a “buy” rating in a report on Tuesday, May 19th. Finally, Zacks Investment Research raised shares of Boxlight from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Monday, May 18th.

Boxlight Company Profile

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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