HighTower Advisors LLC Has $465,000 Stake in Flux Power Holdings, Inc. (NASDAQ:FLUX)

HighTower Advisors LLC boosted its stake in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,312 shares of the company’s stock after buying an additional 20,000 shares during the quarter. HighTower Advisors LLC’s holdings in Flux Power were worth $465,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new position in shares of Flux Power in the third quarter worth approximately $32,000. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Stock Performance

Shares of FLUX opened at $1.88 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.92. The firm has a market capitalization of $31.36 million, a P/E ratio of -3.69 and a beta of 1.29. The stock has a 50 day moving average price of $1.63 and a two-hundred day moving average price of $2.11. Flux Power Holdings, Inc. has a 52 week low of $1.15 and a 52 week high of $5.46.

Flux Power (NASDAQ:FLUX) last issued 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%. Equities analysts forecast that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. HC Wainwright decreased their target price on shares of Flux Power from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Maxim Group lowered their target price 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.

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.