Franklin Wireless (NASDAQ:FKWL) Shares Up 0.4% – What’s Next?

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

Franklin Wireless Trading Up 0.4 %

The stock has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $4.07. The firm has a market capitalization of $53.15 million, a P/E ratio of -16.70 and a beta of 0.21.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Wireless stock. Geode Capital Management LLC boosted its stake in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 39.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,859 shares of the company’s stock after purchasing an additional 28,052 shares during the quarter. Geode Capital Management LLC owned about 0.85% of Franklin Wireless worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.