Franklin Wireless (OTCMKTS:FKWL) announced its earnings results on Tuesday. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.45, Zacks reports. Franklin Wireless had a net margin of 7.39% and a return on equity of 31.59%.
Shares of OTCMKTS:FKWL opened at $22.00 on Friday. Franklin Wireless has a 12 month low of $1.93 and a 12 month high of $23.74. The company’s 50-day moving average price is $17.47 and its two-hundred day moving average price is $10.90. The firm has a market cap of $254.50 million, a P/E ratio of 43.14 and a beta of -0.15.
Separately, Lake Street Capital increased their target price on shares of Franklin Wireless from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday.
Franklin Wireless Corp. provides intelligent wireless solutions. The company's products include mobile hotspots, routers, trackers, and other devices, which integrates hardware and software enabling machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, and modems and gateways built to deliver connectivity supporting various spectrum of applications based on 5G/4G wireless technology.
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