Franklin Wireless (NASDAQ:FKWL) Stock Price Down 2.1% – What’s Next?

Franklin Wireless Corp. (NASDAQ:FKWL)’s stock price traded down 2.1% during mid-day trading on Thursday . The company traded as low as $4.18 and last traded at $4.20. 11,280 shares changed hands during trading, a decline of 17% from the average session volume of 13,642 shares. The stock had previously closed at $4.29.

Franklin Wireless Price Performance

The stock has a 50 day moving average price of $4.31 and a 200-day moving average price of $3.90. The stock has a market capitalization of $50.65 million, a P/E ratio of -15.55 and a beta of 0.20.

Franklin Wireless (NASDAQ:FKWL) last announced its quarterly earnings results on Monday, September 30th. The company reported ($0.15) earnings per share (EPS) for the quarter. Franklin Wireless had a negative net margin of 9.26% and a negative return on equity of 8.43%. The business had revenue of $6.12 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP boosted its holdings in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,968 shares of the company’s stock after purchasing an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned about 0.35% of Franklin Wireless worth $149,000 at the end of the most recent reporting period. 18.49% of the stock is owned by institutional investors and hedge funds.

About Franklin Wireless

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.