Millennium Management LLC Invests $27,000 in Flux Power Holdings, Inc. (NASDAQ:FLUX)

Millennium Management LLC bought a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,075 shares of the company’s stock, valued at approximately $27,000. Millennium Management LLC owned 0.10% of Flux Power as of its most recent filing with the Securities & Exchange Commission.

Separately, Jane Street Group LLC grew its stake in Flux Power by 145.0% during the fourth quarter. Jane Street Group LLC now owns 26,062 shares of the company’s stock worth $41,000 after buying an additional 15,425 shares during the period. Institutional investors own 37.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on Flux Power from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 24th.

Flux Power Price Performance

Shares of NASDAQ FLUX opened at $1.56 on Friday. 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 fifty-two week low of $1.15 and a fifty-two week high of $4.75. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $1.66. The firm has a market cap of $26.16 million, a PE ratio of -3.06 and a beta of 1.40.

Flux Power (NASDAQ:FLUX) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Flux Power had a negative net margin of 13.70% and a negative return on equity of 160.99%. The company had revenue of $16.74 million during the quarter, compared to analyst estimates of $16.50 million. Sell-side analysts expect that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

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.