Black Box (BBOX) Shares Gap Down to $1.95

Shares of Black Box Co. (NASDAQ:BBOX) gapped down before the market opened on Wednesday . The stock had previously closed at $1.88, but opened at $1.95. Black Box shares last traded at $2.08, with a volume of 51479 shares trading hands.

The company has a quick ratio of 1.54, a current ratio of 1.72 and a debt-to-equity ratio of 1.36.

Several institutional investors have recently bought and sold shares of BBOX. California Public Employees Retirement System raised its stake in shares of Black Box by 14.6% during the fourth quarter. California Public Employees Retirement System now owns 181,283 shares of the technology company’s stock valued at $644,000 after acquiring an additional 23,084 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Black Box during the fourth quarter valued at approximately $256,000. Renaissance Technologies LLC increased its holdings in Black Box by 33.2% during the fourth quarter. Renaissance Technologies LLC now owns 654,400 shares of the technology company’s stock valued at $2,323,000 after buying an additional 163,000 shares during the period. Two Sigma Investments LP increased its holdings in Black Box by 31.1% during the fourth quarter. Two Sigma Investments LP now owns 150,950 shares of the technology company’s stock valued at $536,000 after buying an additional 35,818 shares during the period. Finally, Millennium Management LLC increased its holdings in Black Box by 171.3% during the fourth quarter. Millennium Management LLC now owns 349,383 shares of the technology company’s stock valued at $1,240,000 after buying an additional 220,585 shares during the period. 54.34% of the stock is owned by hedge funds and other institutional investors.

Black Box Company Profile

Black Box Corporation provides digital technology solutions that assist its customers to design, build, manage, and secure their IT infrastructure. It offers IT infrastructure, specialty networking, multimedia, and keyboard/video/mouse switching products. The company also provides communications lifecycle, unified communications, structured cabling, video/AV, in-building wireless, and data center services.

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