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

Flux Power Holdings, Inc. (NASDAQ:FLUX) fell 5.5% during trading on Monday . The company traded as low as $2.02 and last traded at $2.07. 102,544 shares changed hands during mid-day 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 firm has a market capitalization of $36.70 million, a PE ratio of -5.12 and a beta of 1.18. The business has a 50-day moving average of $2.89 and a 200 day moving average of $3.20. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Flux Power

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Flux Power by 14.1% during the 1st quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock worth $2,349,000 after acquiring an additional 65,448 shares during the period. HighTower Advisors LLC grew its stake in shares of Flux Power by 176.8% during the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock worth $834,000 after acquiring an additional 175,210 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Flux Power during the 3rd quarter worth $32,000. 37.96% of the stock is 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.