Flux Power (NASDAQ:FLUX) Stock Price Up 1.5%

Flux Power Holdings, Inc. (NASDAQ:FLUX) rose 1.5% on Tuesday . The stock traded as high as $4.27 and last traded at $4.11. Approximately 14,738 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 56,042 shares. The stock had previously closed at $4.05.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital assumed coverage on Flux Power in a research report on Thursday, June 8th. They issued a “buy” rating for the company.

Flux Power Price Performance

The stock has a market capitalization of $67.06 million, a price-to-earnings ratio of -8.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.46 and a current ratio of 1.30. The company has a 50 day moving average of $4.74 and a 200 day moving average of $4.54.

Institutional Trading of Flux Power

Several hedge funds have recently added to or reduced their stakes in the company. Formidable Asset Management LLC raised its position in shares of Flux Power by 2.8% during the 1st quarter. Formidable Asset Management LLC now owns 3,185,952 shares of the company’s stock worth $15,465,000 after acquiring an additional 86,678 shares in the last quarter. Crown Advisors Management Inc. acquired a new position in shares of Flux Power in the 1st quarter valued at $534,000. Leo Brokerage LLC acquired a new position in shares of Flux Power in the 1st quarter valued at $53,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Flux Power by 12.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 47,216 shares of the company’s stock valued at $229,000 after buying an additional 5,066 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Flux Power in the 1st quarter valued at $176,000. Institutional investors and hedge funds own 30.56% of the company’s stock.

Flux Power Company Profile

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.