Shares of Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report) traded up 2.1% during mid-day trading on Monday . The company traded as high as $4.97 and last traded at $4.97. 19,078 shares were traded 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 Price Performance
The stock has a market capitalization of $56.90 million, a P/E ratio of -25.42 and a beta of 0.69. The stock has a 50 day moving average price of $5.63 and a 200-day moving average price of $5.02.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The company 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 Inflows and Outflows
A number of large investors have recently modified their holdings of FKWL. Geode Capital Management LLC raised its holdings in shares of 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. Smith Moore & CO. lifted its holdings in Franklin Wireless by 10.2% during 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 in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Franklin Wireless in the fourth quarter valued at approximately $142,000. Ritholtz Wealth Management purchased a new stake in shares of Franklin Wireless in the 1st quarter worth $99,000. Finally, Dimensional Fund Advisors LP grew its holdings in Franklin Wireless by 13.7% during the 4th 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 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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