Franklin Wireless (NASDAQ:FKWL) Stock Price Down 1%

Franklin Wireless Corp. (NASDAQ:FKWL)’s stock price dropped 1% during mid-day trading on Thursday . The company traded as low as $4.10 and last traded at $4.11. Approximately 11,874 shares were traded during trading, a decline of 15% from the average daily volume of 13,954 shares. The stock had previously closed at $4.15.

Franklin Wireless Price Performance

The firm has a market cap of $49.49 million, a price-to-earnings ratio of -13.55 and a beta of 0.17. The stock has a 50-day moving average of $4.04 and a 200-day moving average of $3.39.

Hedge Funds Weigh In On Franklin Wireless

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP grew its holdings in Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,968 shares of the company’s stock after purchasing an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned approximately 0.35% of Franklin Wireless worth $149,000 as of its most recent SEC filing. Institutional investors own 18.49% of the company’s stock.

Franklin Wireless Company Profile

Franklin Wireless Corp. provides integrated wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, fixed wireless routers, and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.