Flux Power (NASDAQ:FLUX) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Flux Power (NASDAQ:FLUX) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on FLUX. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a report on Friday, May 15th. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Flux Power Trading Down 2.9%

NASDAQ FLUX opened at $0.73 on Tuesday. Flux Power has a 1-year low of $0.72 and a 1-year high of $7.55. The company has a 50 day moving average of $0.98 and a 200-day moving average of $1.21. The firm has a market cap of $15.56 million, a price-to-earnings ratio of -2.14 and a beta of 1.67.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.11). Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%.The business had revenue of $6.59 million during the quarter, compared to analyst estimates of $9.89 million. On average, analysts forecast that Flux Power will post -0.34 earnings per share for the current year.

Institutional Trading of Flux Power

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Flux Power in the 3rd quarter valued at approximately $72,000. State Street Corp lifted its stake in Flux Power by 39.4% in the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Flux Power in the 4th quarter valued at about $64,000. JGP Wealth Management LLC acquired a new position in shares of Flux Power during the 4th quarter worth about $74,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Flux Power during the 4th quarter worth about $83,000. Institutional investors own 37.96% of the company’s stock.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.