Stock Traders Buy High Volume of Call Options on Flux Power (NASDAQ:FLUX)

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of unusually large options trading on Thursday. Stock traders acquired 4,967 call options on the company. This represents an increase of 1,781% compared to the typical volume of 264 call options.

Flux Power stock traded down $1.65 during midday trading on Thursday, reaching $5.87. 1,337,085 shares of the stock traded hands, compared to its average volume of 167,166. The company has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $10.12. Flux Power has a 12-month low of $4.89 and a 12-month high of $22.50. The firm has a market cap of $77.80 million, a PE ratio of -3.97 and a beta of 0.68.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings data on Wednesday, September 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.10). Flux Power had a negative net margin of 63.78% and a negative return on equity of 439.98%. On average, analysts expect that Flux Power will post -0.97 EPS for the current year.

Separately, Zacks Investment Research cut Flux Power from a “buy” rating to a “hold” rating in a report on Wednesday, July 14th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Yaupon Capital Management LP purchased a new position in shares of Flux Power in the 2nd quarter valued at about $147,000. State Street Corp purchased a new position in shares of Flux Power in the 2nd quarter valued at about $328,000. National Asset Management Inc. boosted its stake in shares of Flux Power by 44.2% in the 2nd quarter. National Asset Management Inc. now owns 83,395 shares of the company’s stock valued at $970,000 after buying an additional 25,560 shares during the period. Geode Capital Management LLC raised its position in shares of Flux Power by 137.1% during the 1st quarter. Geode Capital Management LLC now owns 83,736 shares of the company’s stock worth $1,084,000 after acquiring an additional 48,414 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Flux Power by 1,008.6% during the 1st quarter. JPMorgan Chase & Co. now owns 231,526 shares of the company’s stock worth $2,998,000 after acquiring an additional 210,641 shares in the last quarter. Institutional investors and hedge funds own 30.25% of the company’s stock.

About Flux Power

Flux Power Holdings, Inc engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. It focuses on electric fork lifts and airport ground support equipment. The company was founded by Christopher L. Anthony and Michael Johnson on September 21, 1998 and is headquartered in Vista, CA.

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