Flux Power (NASDAQ:FLUX) Stock Price Down 4.3%

Flux Power Holdings, Inc. (NASDAQ:FLUX) fell 4.3% on Monday . The company traded as low as $3.95 and last traded at $4.05. 73,621 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 79,980 shares. The stock had previously closed at $4.23.

Analyst Ratings Changes

Several research analysts have recently issued reports on FLUX shares. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Roth Mkm initiated coverage on shares of Flux Power in a research note on Wednesday, March 6th. They issued a “buy” rating and a $10.00 target price for the company.

Flux Power Trading Down 4.3 %

The company has a market cap of $66.95 million, a price-to-earnings ratio of -11.25 and a beta of 1.34. The firm has a fifty day moving average price of $4.56 and a 200 day moving average price of $4.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.18.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. The company had revenue of $18.34 million during the quarter, compared to analysts’ expectations of $18.02 million. As a group, equities analysts predict that Flux Power Holdings, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flux Power stock. B. Riley Wealth Advisors Inc. grew its position in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 17.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 64,100 shares of the company’s stock after acquiring an additional 9,484 shares during the period. B. Riley Wealth Advisors Inc. owned 0.39% of Flux Power worth $221,000 as of its most recent filing with the SEC. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.