Franklin Wireless (NASDAQ:FKWL) Trading Up 0.4% – Time to Buy?

Franklin Wireless Corp. (NASDAQ:FKWL)’s stock price rose 0.4% during trading on Tuesday . The stock traded as high as $4.51 and last traded at $4.51. Approximately 28,124 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 14,186 shares. The stock had previously closed at $4.49.

Franklin Wireless Price Performance

The firm has a 50 day moving average price of $4.26 and a 200-day moving average price of $4.07. The firm has a market capitalization of $53.15 million, a price-to-earnings ratio of -16.70 and a beta of 0.21.

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

Institutional Trading of Franklin Wireless

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP boosted its position in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,968 shares of the company’s stock after purchasing an additional 17,469 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.35% of Franklin Wireless worth $149,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.49% of the company’s stock.

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.