Boxlight Corp (NASDAQ:BOXL) major shareholder K Laser Technology Inc. sold 1,760,729 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $1.00, for a total transaction of $1,760,729.00. 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 Friday, June 5th, K Laser Technology Inc. sold 707,979 shares of Boxlight stock. The shares were sold at an average price of $1.00, for a total transaction of $707,979.00.
Shares of BOXL traded down $0.11 during trading hours on Tuesday, hitting $0.95. 170,563 shares of the stock were exchanged, compared to its average volume of 5,214,800. Boxlight Corp has a fifty-two week low of $0.33 and a fifty-two week high of $3.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.56 and a quick ratio of 0.38. The business has a 50-day moving average of $0.86 and a 200-day moving average of $0.94. The firm has a market capitalization of $24.29 million, a P/E ratio of -1.80 and a beta of 3.90.
Several equities analysts have issued reports on the stock. Maxim Group restated a “buy” rating and issued a $2.00 price target on shares of Boxlight in a research report on Thursday, June 11th. Zacks Investment Research upgraded shares of Boxlight from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Monday, May 18th. Finally, National Securities upgraded shares of Boxlight from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 19th.
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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