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

Flux Power Holdings, Inc. (NASDAQ:FLUX)’s share price traded down 5.5% during trading on Monday . The stock traded as low as $2.02 and last traded at $2.07. 102,544 shares traded 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 Trading Down 5.5 %

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 firm has a market capitalization of $34.53 million, a PE ratio of -4.81 and a beta of 1.18. The business’s 50-day moving average price is $2.92 and its 200-day moving average price is $3.23.

Hedge Funds Weigh In On Flux Power

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Flux Power by 14.1% during the first 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 last quarter. Jane Street Group LLC purchased a new position in shares of Flux Power during the third quarter worth approximately $32,000. Finally, HighTower Advisors LLC grew its position in shares of Flux Power by 176.8% during the third 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 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.