Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt Sells 7,467 Shares

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt sold 7,467 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $1.67, for a total value of $12,469.89. Following the completion of the transaction, the chief executive officer now directly owns 54,698 shares of the company’s stock, valued at approximately $91,345.66. The trade was a 12.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Flux Power Price Performance

Shares of FLUX opened at $1.63 on Thursday. The business has a 50-day moving average of $1.62 and a 200-day moving average of $2.09. 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 company has a market capitalization of $27.19 million, a price-to-earnings ratio of -3.20 and a beta of 1.29. Flux Power Holdings, Inc. has a 1 year low of $1.15 and a 1 year high of $5.46.

Flux Power (NASDAQ:FLUX) last released 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%. As a group, equities research analysts anticipate that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FLUX shares. HC Wainwright lowered 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 dropped 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.

Hedge Funds Weigh In On Flux Power

A number of hedge funds have recently bought and sold shares of FLUX. Jane Street Group LLC acquired a new stake in Flux Power during the 3rd quarter worth about $32,000. Millennium Management LLC bought a new stake in shares of Flux Power during the 4th quarter valued at about $27,000. HighTower Advisors LLC grew its stake in Flux Power by 7.3% during the fourth quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock worth $465,000 after purchasing an additional 20,000 shares during the period. Park Edge Advisors LLC increased its holdings in Flux Power by 32.0% in the fourth 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 in the last quarter. Finally, Tidal Investments LLC lifted its stake in Flux Power by 8.0% in the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock valued at $761,000 after buying an additional 35,826 shares during the period. Institutional investors own 37.96% of the company’s stock.

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.