Flux Power (NASDAQ:FLUX) Stock Rating Cut to Hold at Lake Street Capital

Lake Street Capital downgraded shares of Flux Power (NASDAQ:FLUX) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat.com reports. Lake Street Capital currently has $1.00 target price on the stock.

FLUX has been the topic of several other reports. Roth Capital set a $1.60 price objective on Flux Power in a research report on Friday, August 21st. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Flux Power has a consensus rating of “Hold” and a consensus price target of $1.30.

Flux Power Stock Down 7.2%

FLUX opened at $0.41 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.03. Flux Power has a fifty-two week low of $0.39 and a fifty-two week high of $2.57. The firm’s fifty day moving average is $0.50 and its 200 day moving average is $0.91. The stock has a market cap of $8.96 million, a price-to-earnings ratio of -1.09 and a beta of 1.63.

Flux Power (NASDAQ:FLUX) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). Flux Power had a negative net margin of 22.56% and a negative return on equity of 147.38%. The company had revenue of $6.76 million during the quarter, compared to the consensus estimate of $6.25 million. On average, sell-side analysts forecast that Flux Power will post -0.42 earnings per share for the current fiscal year.

Flux Power Company Profile

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.