Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) shares rose 0.4% during mid-day trading on Tuesday . The company traded as high as $4.51 and last traded at $4.51. Approximately 28,124 shares changed hands during trading, an increase of 98% from the average daily volume of 14,186 shares. The stock had previously closed at $4.49.
Franklin Wireless Price Performance
The company has a fifty day moving average price of $4.26 and a 200 day moving average price of $4.07. The company has a market cap of $53.15 million, a PE ratio of -16.70 and a beta of 0.21.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last announced its earnings results on Monday, September 30th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $6.12 million for the quarter. Franklin Wireless had a negative net margin of 9.26% and a negative return on equity of 8.43%.
Institutional Investors Weigh In On Franklin Wireless
An institutional investor recently raised its position in Franklin Wireless stock. Geode Capital Management LLC increased its position in Franklin Wireless Corp. (NASDAQ:FKWL - Free Report) by 39.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,859 shares of the company's stock after buying an additional 28,052 shares during the quarter. Geode Capital Management LLC owned 0.85% of Franklin Wireless worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 18.49% of the company's stock.
About Franklin Wireless
(
Get Free Report)
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.
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