HighTower Advisors LLC Buys 20,000 Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX)

HighTower Advisors LLC increased its stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 294,312 shares of the company’s stock after purchasing an additional 20,000 shares during the period. HighTower Advisors LLC owned approximately 1.76% of Flux Power worth $465,000 as of its most recent filing with the SEC.

Separately, Jane Street Group LLC acquired a new position in shares of Flux Power in the 3rd quarter valued at approximately $32,000. 37.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FLUX has been the topic of a number of recent analyst reports. HC Wainwright decreased their price objective on shares of Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Maxim Group lowered their price target on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Monday, February 3rd.

Flux Power Price Performance

Shares of NASDAQ:FLUX opened at $1.88 on Monday. Flux Power Holdings, Inc. has a one year low of $1.15 and a one year high of $5.46. 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 cap of $31.36 million, a price-to-earnings ratio of -3.69 and a beta of 1.29. The firm has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $2.11.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.17) EPS for the quarter. Flux Power had a negative net margin of 13.70% and a negative return on equity of 160.99%. Research analysts predict that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Flux Power 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.