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

Franklin Wireless Corp. (NASDAQ:FKWL) traded down 2.1% 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 Stock Up 2.4 %

The stock has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $3.90. The firm has a market cap of $50.65 million, a PE ratio of -15.55 and a beta of 0.20.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP grew its stake in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,968 shares of the company’s stock after buying an additional 17,469 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Franklin Wireless worth $149,000 at the end of the most recent 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.