Franklin Wireless (NASDAQ:FKWL) Stock Price Down 3.5% – What’s Next?

Franklin Wireless Corp. (NASDAQ:FKWL) shares were down 3.5% on Thursday . The company traded as low as $6.43 and last traded at $6.70. Approximately 56,847 shares were traded during trading, an increase of 22% from the average daily volume of 46,662 shares. The stock had previously closed at $6.94.

Franklin Wireless Stock Up 2.4 %

The business’s 50-day moving average is $5.10 and its two-hundred day moving average is $4.54. The company has a market capitalization of $78.96 million, a P/E ratio of -36.11 and a beta of 0.18.

Franklin Wireless (NASDAQ:FKWL) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $17.83 million for the quarter. Franklin Wireless had a negative net margin of 5.06% and a negative return on equity of 5.91%.

Institutional Trading of Franklin Wireless

Hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. bought a new stake in Franklin Wireless in the fourth quarter worth about $142,000. Smith Moore & CO. raised its position in Franklin Wireless by 10.2% in the fourth quarter. Smith Moore & CO. now owns 48,542 shares of the company’s stock worth $238,000 after acquiring an additional 4,500 shares during the period. Dimensional Fund Advisors LP raised its position in Franklin Wireless by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company’s stock worth $262,000 after acquiring an additional 6,416 shares during the period. Renaissance Technologies LLC raised its position in Franklin Wireless by 29.0% in the fourth quarter. Renaissance Technologies LLC now owns 69,800 shares of the company’s stock worth $342,000 after acquiring an additional 15,700 shares during the period. Finally, Geode Capital Management LLC raised its position in Franklin Wireless by 39.1% in the third quarter. Geode Capital Management LLC now owns 99,859 shares of the company’s stock worth $457,000 after acquiring an additional 28,052 shares during the period. 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.