Franklin Wireless Corp. (NASDAQ:FKWL - Get Free Report)'s share price shot 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 traded 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 Trading Down 0.4 %
The company has a 50 day simple moving average of $5.56 and a 200 day simple moving average of $5.04. The stock has a market cap of $56.66 million, a P/E ratio of -25.32 and a beta of 0.69.
Franklin Wireless (NASDAQ:FKWL - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.02 EPS for the quarter. The business 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%.
Hedge Funds Weigh In On Franklin Wireless
Several hedge funds have recently modified their holdings of FKWL. Ritholtz Wealth Management acquired a new position in Franklin Wireless during the first quarter valued at approximately $99,000. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 6,416 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Franklin Wireless by 29.0% in the 4th quarter. Renaissance Technologies LLC now owns 69,800 shares of the company's stock valued at $342,000 after buying an additional 15,700 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Franklin Wireless by 10.2% in the fourth 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. Finally, Thompson Davis & CO. Inc. acquired a new position in Franklin Wireless during the fourth quarter worth $142,000. 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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