Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Sells $12,469.89 in Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt sold 7,467 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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 in the company, valued at $91,345.66. This trade represents a 12.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Flux Power Stock Performance

Shares of FLUX opened at $1.63 on Thursday. Flux Power Holdings, Inc. has a 52 week low of $1.15 and a 52 week high of $5.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.92. The stock has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $2.09. The firm has a market capitalization of $27.19 million, a P/E ratio of -3.20 and a beta of 1.29.

Flux Power (NASDAQ:FLUX) last announced its quarterly 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%. Equities analysts forecast that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FLUX shares. HC Wainwright reduced their price objective 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. Maxim Group decreased their price target on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

Institutional Trading of Flux Power

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Flux Power by 176.8% during the third quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock worth $834,000 after purchasing an additional 175,210 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Flux Power by 8.0% during the 4th 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. Park Edge Advisors LLC boosted its stake in shares of 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 buying an additional 25,000 shares during the last quarter. Millennium Management LLC bought a new position in shares of Flux Power in the fourth quarter valued at approximately $27,000. Finally, Jane Street Group LLC increased its position in shares of 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 acquiring an additional 15,425 shares during the last quarter. Hedge funds and other institutional investors own 37.96% 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.