Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) shot up 2.1% on Monday . The stock traded as high as $4.97 and last traded at $4.97. 19,078 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 23,992 shares. The stock had previously closed at $4.87.
Franklin Wireless Stock Up 2.1 %
The firm has a market cap of $58.55 million, a PE ratio of -26.16 and a beta of 0.69. The firm has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $5.03.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $17.83 million for the quarter. Franklin Wireless had a negative return on equity of 5.91% and a negative net margin of 5.06%.
Hedge Funds Weigh In On Franklin Wireless
Institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new position in Franklin Wireless during the first quarter worth approximately $99,000. Thompson Davis & CO. Inc. purchased a new position in Franklin Wireless during the fourth quarter worth approximately $142,000. Smith Moore & CO. lifted its position in Franklin Wireless by 10.2% during the fourth quarter. Smith Moore & CO. now owns 48,542 shares of the company's stock worth $238,000 after buying an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Franklin Wireless by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company's stock worth $262,000 after buying an additional 6,416 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Franklin Wireless by 29.0% during the fourth quarter. Renaissance Technologies LLC now owns 69,800 shares of the company's stock worth $342,000 after buying an additional 15,700 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company's stock.
Franklin Wireless Company Profile
(
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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