Geode Capital Management LLC Buys 28,052 Shares of Franklin Wireless Corp. (NASDAQ:FKWL)

Geode Capital Management LLC lifted its position in Franklin Wireless Corp. (NASDAQ:FKWL) by 39.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 99,859 shares of the company’s stock after purchasing an additional 28,052 shares during the quarter. Geode Capital Management LLC owned 0.85% of Franklin Wireless worth $457,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP grew its stake in Franklin Wireless by 74.3% during the second quarter. Dimensional Fund Advisors LP now owns 40,968 shares of the company’s stock worth $149,000 after buying an additional 17,469 shares during the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Wireless Price Performance

Shares of FKWL opened at $4.93 on Monday. The company has a market capitalization of $58.10 million, a P/E ratio of -18.26 and a beta of 0.18. Franklin Wireless Corp. has a one year low of $2.69 and a one year high of $5.09. The business’s 50 day simple moving average is $4.43 and its 200-day simple moving average is $4.22.

Franklin Wireless 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.