Flux Power (NASDAQ:FLUX) Raised to “Hold” at Wall Street Zen

Flux Power (NASDAQ:FLUX) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued on Friday.

Flux Power Stock Performance

NASDAQ:FLUX opened at $3.80 on Friday. The stock has a market capitalization of $63.99 million, a PE ratio of -9.50 and a beta of 1.57. Flux Power has a fifty-two week low of $1.15 and a fifty-two week high of $3.80. The company has a fifty day moving average of $1.94 and a two-hundred day moving average of $1.78.

Institutional Trading of Flux Power

A number of institutional investors have recently made changes to their positions in FLUX. XTX Topco Ltd raised its stake in Flux Power by 65.7% in the 1st quarter. XTX Topco Ltd now owns 16,929 shares of the company’s stock valued at $29,000 after purchasing an additional 6,710 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Flux Power during the fourth quarter worth $27,000. Jane Street Group LLC raised its position in shares of Flux Power by 145.0% in 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 last quarter. Park Edge Advisors LLC lifted its stake in shares of Flux Power by 7.3% in the first quarter. Park Edge Advisors LLC now owns 110,765 shares of the company’s stock worth $191,000 after buying an additional 7,573 shares in the last quarter. Finally, Formidable Asset Management LLC lifted its stake in shares of Flux Power by 14.9% in the first quarter. Formidable Asset Management LLC now owns 3,004,114 shares of the company’s stock worth $5,167,000 after buying an additional 388,889 shares in the last quarter. 37.96% of the stock is owned by institutional investors and hedge funds.

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.