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

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

Franklin Wireless Stock Performance

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

Institutional Investors Weigh In On Franklin Wireless

A hedge fund recently raised its stake in Franklin Wireless stock. Dimensional Fund Advisors LP grew its position in Franklin Wireless Corp. (NASDAQ:FKWL) by 74.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. 18.49% of the stock is currently owned by institutional investors.

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.