Boxlight Co. (NASDAQ:BOXL) Director Dale Strang Sells 30,000 Shares of Stock

Boxlight Co. (NASDAQ:BOXLGet Rating) Director Dale Strang sold 30,000 shares of Boxlight stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $0.45, for a total value of $13,500.00. Following the completion of the transaction, the director now owns 35,593 shares of the company’s stock, valued at approximately $16,016.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Boxlight Trading Up 1.9 %

Shares of BOXL traded up $0.01 during mid-day trading on Thursday, reaching $0.42. 147,063 shares of the company’s stock traded hands, compared to its average volume of 245,851. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.90 and a quick ratio of 1.19. The stock’s 50-day moving average is $0.53 and its two-hundred day moving average is $0.66. Boxlight Co. has a 12 month low of $0.41 and a 12 month high of $1.74. The stock has a market cap of $31.12 million, a P/E ratio of -2.80 and a beta of 2.55.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BOXL shares. Maxim Group restated a “buy” rating and issued a $3.00 price target on shares of Boxlight in a research report on Friday, August 12th. Alliance Global Partners dropped their price target on shares of Boxlight to $2.50 in a research note on Tuesday, November 15th.

Hedge Funds Weigh In On Boxlight

Large investors have recently bought and sold shares of the business. UBS Group AG lifted its position in shares of Boxlight by 453.5% during the third quarter. UBS Group AG now owns 46,600 shares of the company’s stock worth $29,000 after purchasing an additional 38,181 shares during the last quarter. Jane Street Group LLC purchased a new position in Boxlight in the 3rd quarter worth about $69,000. Renaissance Technologies LLC increased its stake in Boxlight by 20.6% in the 3rd quarter. Renaissance Technologies LLC now owns 183,800 shares of the company’s stock worth $114,000 after buying an additional 31,400 shares during the period. Perritt Capital Management Inc. bought a new stake in Boxlight during the 3rd quarter valued at about $186,000. Finally, State Street Corp boosted its position in Boxlight by 7.2% in the 1st quarter. State Street Corp now owns 218,699 shares of the company’s stock valued at $262,000 after buying an additional 14,621 shares during the period. Hedge funds and other institutional investors own 10.07% of the company’s stock.

About Boxlight

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Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-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 under the Mimio and Clevertouch brands.

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