Ronald F. Dutt Sells 7,467 Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt sold 7,467 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.67, for a total transaction of $12,469.89. Following the transaction, the chief executive officer now directly owns 54,698 shares of the company’s stock, valued at $91,345.66. This represents a 12.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Flux Power Trading Down 6.1 %

Shares of FLUX opened at $1.53 on Friday. The business’s 50-day moving average price is $1.61 and its 200-day moving average price is $2.08. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. Flux Power Holdings, Inc. has a twelve month low of $1.15 and a twelve month high of $5.46. The stock has a market cap of $25.52 million, a PE ratio of -3.00 and a beta of 1.29.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share (EPS) for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. On average, equities analysts forecast that Flux Power Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Flux Power

A number of large investors have recently added to or reduced their stakes in FLUX. Tidal Investments LLC boosted its stake in Flux Power by 8.0% in the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after buying an additional 35,826 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Flux Power by 7.3% during the 4th quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock valued at $465,000 after purchasing an additional 20,000 shares during the last quarter. Park Edge Advisors LLC raised its position in Flux Power by 32.0% in the 4th quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after purchasing an additional 25,000 shares during the period. Jane Street Group LLC boosted its position in Flux Power by 145.0% during the fourth quarter. Jane Street Group LLC now owns 26,062 shares of the company’s stock valued at $41,000 after buying an additional 15,425 shares during the period. Finally, Millennium Management LLC purchased a new stake in Flux Power during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Analyst Ratings Changes

FLUX has been the subject of a number of recent research reports. Maxim Group decreased their target price on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. HC Wainwright lowered their target price on shares of Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 24th.

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.