Maxim Group Cuts Flux Power (NASDAQ:FLUX) Price Target to $4.00

Flux Power (NASDAQ:FLUX) had its target price cut by Maxim Group from $6.00 to $4.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Flux Power Stock Performance

Shares of FLUX stock opened at $1.78 on Monday. The business has a fifty day moving average of $1.74 and a 200 day moving average of $2.58. Flux Power has a 1 year low of $1.55 and a 1 year high of $5.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.37. The firm has a market capitalization of $29.69 million, a price-to-earnings ratio of -3.49 and a beta of 1.12.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings data 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%. As a group, research analysts expect that Flux Power will post -0.25 earnings per share for the current year.

Institutional Trading of Flux Power

Several large investors have recently made changes to their positions in FLUX. HighTower Advisors LLC raised its holdings in shares of 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. Park Edge Advisors LLC grew its position in Flux Power by 32.0% during the 4th quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after purchasing an additional 25,000 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Flux Power during the 3rd quarter valued at about $32,000. 37.96% of the stock is owned by hedge funds and other institutional investors.

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.