Franklin Wireless (NASDAQ:FKWL) Trading Down 3.5% – Should You Sell?

Franklin Wireless Corp. (NASDAQ:FKWL) dropped 3.5% during mid-day trading on Thursday . The company traded as low as $6.43 and last traded at $6.70. Approximately 56,847 shares were traded during trading, an increase of 22% from the average daily volume of 46,662 shares. The stock had previously closed at $6.94.

Franklin Wireless Stock Performance

The firm’s fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.52. The stock has a market capitalization of $78.93 million, a price-to-earnings ratio of -35.26 and a beta of 0.18.

Franklin Wireless (NASDAQ:FKWL) last issued 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 5.89%.

Institutional Trading of Franklin Wireless

Institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new position in shares of Franklin Wireless during the fourth quarter worth about $142,000. Geode Capital Management LLC boosted its position 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 during the last quarter. Renaissance Technologies LLC grew its stake in shares of Franklin Wireless by 29.0% during the 4th quarter. Renaissance Technologies LLC now owns 69,800 shares of the company’s stock worth $342,000 after acquiring an additional 15,700 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 6,416 shares in the last quarter. Finally, Smith Moore & CO. raised its holdings 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 purchasing an additional 4,500 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.

Franklin Wireless Company Profile

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.