Flux Power (NASDAQ:FLUX - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05), Zacks reports. Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. The firm had revenue of $14.46 million during the quarter, compared to analyst estimates of $16.02 million. During the same quarter in the prior year, the company posted ($0.09) EPS.
Flux Power Stock Down 25.3 %
Shares of Flux Power stock traded down $1.16 during trading on Friday, reaching $3.42. The stock had a trading volume of 589,407 shares, compared to its average volume of 82,101. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $56.53 million, a price-to-earnings ratio of -9.50 and a beta of 1.33. Flux Power has a 52 week low of $2.90 and a 52 week high of $5.86. The stock has a fifty day moving average price of $4.44 and a two-hundred day moving average price of $4.22.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FLUX. Maxim Group decreased their target price on Flux Power from $9.00 to $6.00 and set a "buy" rating for the company in a research report on Friday. Roth Mkm began coverage on shares of Flux Power in a report on Wednesday, March 6th. They issued a "buy" rating and a $10.00 price target for the company. Craig Hallum reduced their target price on Flux Power from $10.00 to $7.00 and set a "buy" rating on the stock in a report on Friday. Finally, Roth Capital reiterated a "buy" rating on shares of Flux Power in a report on Wednesday, March 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $7.67.
Check Out Our Latest Analysis on Flux Power
About Flux Power
(
Get Free Report)
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.
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