Bard Associates Inc. Lowers Stake in Boxlight Corp (NASDAQ:BOXL)

Bard Associates Inc. cut its position in Boxlight Corp (NASDAQ:BOXL) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,250 shares of the company’s stock after selling 19,300 shares during the quarter. Bard Associates Inc. owned about 1.22% of Boxlight worth $625,000 as of its most recent SEC filing.

Separately, Zacks Investment Research downgraded Boxlight from a “buy” rating to a “hold” rating in a report on Monday, August 13th.

Boxlight stock traded up $0.05 during midday trading on Monday, reaching $2.68. The company’s stock had a trading volume of 19,200 shares, compared to its average volume of 226,956. Boxlight Corp has a 52 week low of $2.56 and a 52 week high of $17.40. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $29.66 million and a PE ratio of -1.97.

Boxlight (NASDAQ:BOXL) last released its earnings results on Thursday, August 16th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. The business had revenue of $9.66 million during the quarter, compared to the consensus estimate of $7.06 million. As a group, analysts expect that Boxlight Corp will post -0.57 earnings per share for the current year.

About Boxlight

Boxlight Corporation, a visual display technology company, sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes 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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