Insider Selling: Boxlight Corp (NASDAQ:BOXL) Major Shareholder Sells 1,760,729 Shares of Stock

Boxlight Corp (NASDAQ:BOXL) major shareholder K Laser Technology Inc. sold 1,760,729 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $1.00, for a total value of $1,760,729.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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.

NASDAQ:BOXL opened at $0.92 on Wednesday. The business has a 50 day moving average of $0.87 and a 200 day moving average of $0.94. Boxlight Corp has a 1-year low of $0.33 and a 1-year high of $3.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.38 and a current ratio of 0.56.

Boxlight (NASDAQ:BOXL) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.14). The business had revenue of $5.72 million for the quarter, compared to the consensus estimate of $7.05 million. Boxlight had a negative net margin of 19.76% and a negative return on equity of 449.12%. Equities analysts predict that Boxlight Corp will post -0.32 EPS for the current year.

A number of equities analysts have commented on the stock. Maxim Group reissued a “buy” rating and issued a $2.00 price target on shares of Boxlight in a research note on Thursday, June 11th. National Securities raised shares of Boxlight from a “neutral” rating to a “buy” rating in a report on Tuesday, May 19th. Finally, Zacks Investment Research raised Boxlight from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Monday, May 18th.

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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