Boxlight Stock Set to Reverse Split on Tuesday, February 18th (NASDAQ:BOXL)

Boxlight Co. (NASDAQ:BOXL) shares are scheduled to reverse split on the morning of Tuesday, February 18th. The 1-5 reverse split was announced on Thursday, February 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Boxlight Trading Down 9.1 %

BOXL stock opened at $0.51 on Friday. Boxlight has a 52 week low of $0.30 and a 52 week high of $2.13. The company has a market capitalization of $4.98 million, a PE ratio of -0.16 and a beta of 1.46. The company’s 50-day simple moving average is $0.66 and its 200 day simple moving average is $0.54. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.08 and a current ratio of 2.10.

Analysts Set New Price Targets

Several research analysts have recently commented on BOXL shares. Alliance Global Partners cut shares of Boxlight from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. HC Wainwright reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Boxlight in a report on Thursday, November 14th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boxlight stock. Kazazian Asset Management LLC purchased a new stake in Boxlight Co. (NASDAQ:BOXL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned about 3.77% of Boxlight as of its most recent filing with the Securities and Exchange Commission. 6.49% of the stock is owned by institutional investors.

About Boxlight

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.