Flux Power (NASDAQ:FLUX) Shares Down 5.5% – Should You Sell?

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) traded down 5.5% on Monday . The company traded as low as $2.02 and last traded at $2.07. 102,544 shares traded hands during trading, an increase of 30% from the average session volume of 78,734 shares. The stock had previously closed at $2.19.

Flux Power Price Performance

The stock’s 50 day moving average is $2.92 and its two-hundred day moving average is $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 0.42. The stock has a market capitalization of $34.53 million, a PE ratio of -4.81 and a beta of 1.18.

Institutional Trading of Flux Power

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Flux Power in the third quarter valued at approximately $32,000. Vanguard Group Inc. increased its stake in Flux Power by 14.1% in the first quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock valued at $2,349,000 after purchasing an additional 65,448 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Flux Power by 176.8% in the third quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after purchasing an additional 175,210 shares during the last quarter. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

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.