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

Boxlight Co. (NASDAQ:BOXL) shares are scheduled to reverse split on 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 closing bell on Monday, February 17th.

Boxlight Trading Down 9.1 %

Shares of Boxlight stock opened at $0.51 on Friday. The company’s fifty day simple moving average is $0.66 and its 200-day simple moving average is $0.54. The stock has a market capitalization of $4.98 million, a PE ratio of -0.16 and a beta of 1.46. Boxlight has a 1-year low of $0.30 and a 1-year high of $2.13. The company has a debt-to-equity ratio of 5.67, a current ratio of 2.10 and a quick ratio of 1.08.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and set a $1.00 price target on shares of Boxlight in a research note on Thursday, November 14th. Alliance Global Partners cut shares of Boxlight from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC acquired a new stake in shares of Boxlight Co. (NASDAQ:BOXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 SEC filing. 6.49% of the stock is currently owned by institutional investors.

Boxlight Company Profile

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.