Franklin Wireless (NASDAQ:FKWL) Stock Price Down 0.2% – What’s Next?

Franklin Wireless Corp. (NASDAQ:FKWL)’s share price traded down 0.2% during mid-day trading on Friday . The company traded as low as $4.40 and last traded at $4.44. 4,124 shares traded hands during trading, a decline of 70% from the average session volume of 13,895 shares. The stock had previously closed at $4.45.

Franklin Wireless Trading Down 0.2 %

The stock’s 50-day moving average is $4.20 and its 200-day moving average is $3.55. The company has a market cap of $52.32 million, a price-to-earnings ratio of -14.32 and a beta of 0.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Wireless stock. Dimensional Fund Advisors LP boosted its holdings in shares of Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the 2nd quarter, according to the company in 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 period. Dimensional Fund Advisors LP owned approximately 0.35% of Franklin Wireless worth $149,000 as of its most recent SEC filing. 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.