Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) shares shot up 2.7% during trading on Wednesday . The stock traded as high as $4.26 and last traded at $4.26. 16,682 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 13,058 shares. The stock had previously closed at $4.15.
Franklin Wireless Stock Down 1.6 %
The firm has a market capitalization of $49.36 million, a PE ratio of -12.70 and a beta of 0.20. The stock has a 50-day moving average price of $4.27 and a 200 day moving average price of $3.77.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last released its quarterly 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 during the quarter. Franklin Wireless had a negative net margin of 12.87% and a negative return on equity of 10.28%.
Institutional Trading of Franklin Wireless
A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP lifted its position in Franklin Wireless Corp. (NASDAQ:FKWL - Free Report) by 74.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,968 shares of the company's stock after acquiring an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned 0.35% of Franklin Wireless worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.49% of the stock is currently owned by institutional investors.
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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