Flux Power (FLUX) Expected to Announce Earnings on Thursday

Flux Power (NASDAQ:FLUX) is expected to be issuing its results after the market closes on Thursday, November 13th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $14.1120 million for the quarter.

Flux Power Trading Up 7.7%

FLUX opened at $2.39 on Thursday. The stock has a market capitalization of $40.25 million, a P/E ratio of -5.97 and a beta of 1.90. Flux Power has a 12 month low of $1.15 and a 12 month high of $7.55. The firm’s fifty day simple moving average is $3.66 and its 200 day simple moving average is $2.41.

Analyst Ratings Changes

FLUX has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a research report on Wednesday, October 8th. Zacks Research upgraded Flux Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised Flux Power to a “hold” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

About Flux Power

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.