Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report)'s stock price traded down 3.5% on Thursday . The company traded as low as $6.43 and last traded at $6.70. 56,847 shares changed hands during trading, an increase of 22% from the average session volume of 46,662 shares. The stock had previously closed at $6.94.
Franklin Wireless Stock Performance
The company has a market capitalization of $78.96 million, a PE ratio of -36.11 and a beta of 0.18. The company has a 50 day simple moving average of $5.10 and a 200 day simple moving average of $4.54.
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. Franklin Wireless had a negative net margin of 5.06% and a negative return on equity of 5.91%. The business had revenue of $17.83 million for the quarter.
Institutional Investors Weigh In On Franklin Wireless
Several institutional investors and hedge funds have recently modified their holdings of the company. Smith Moore & CO. boosted its stake in shares of Franklin Wireless by 10.2% in the 4th quarter. Smith Moore & CO. now owns 48,542 shares of the company's stock valued at $238,000 after buying an additional 4,500 shares during the period. Dimensional Fund Advisors LP raised its holdings in Franklin Wireless by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,410 shares of the company's stock valued at $262,000 after acquiring an additional 6,416 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 last quarter. Geode Capital Management LLC grew its holdings in Franklin Wireless by 39.1% during the 3rd 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 in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Franklin Wireless in the 4th quarter valued at approximately $142,000. 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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