Flux Power (NASDAQ:FLUX) Stock Rating Upgraded by Zacks Research

Flux Power (NASDAQ:FLUX) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

FLUX has been the subject of several other research reports. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Flux Power Trading Down 2.9%

Shares of Flux Power stock opened at $0.73 on Tuesday. The business has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $1.21. Flux Power has a 1-year low of $0.72 and a 1-year high of $7.55. The company has a market cap of $15.56 million, a P/E ratio of -2.14 and a beta of 1.67.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.11). Flux Power had a negative net margin of 12.48% and a negative return on equity of 502.31%. The business had revenue of $6.59 million for the quarter, compared to the consensus estimate of $9.89 million. Equities research analysts forecast that Flux Power will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Flux Power

A number of institutional investors have recently modified their holdings of FLUX. Quadrature Capital Ltd bought a new position in shares of Flux Power in the 4th quarter worth $152,000. Renaissance Technologies LLC bought a new stake in Flux Power during the 4th quarter worth approximately $83,000. JGP Wealth Management LLC bought a new stake in Flux Power in the 4th quarter worth about $74,000. XTX Topco Ltd bought a new stake in shares of Flux Power during the 4th quarter worth $64,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after buying an additional 30,546 shares during the last quarter. 37.96% of the stock is owned by institutional investors and hedge funds.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.