Franklin Wireless (OTCMKTS:FKWL) Announces Earnings Results

Franklin Wireless (OTCMKTS:FKWLGet Rating) posted its quarterly earnings data on Monday. The company reported ($0.10) earnings per share for the quarter, reports. The company had revenue of $8.11 million during the quarter. Franklin Wireless had a negative net margin of 13.17% and a negative return on equity of 8.75%.

Franklin Wireless Stock Up 3.6 %

OTCMKTS FKWL traded up $0.12 during trading on Thursday, reaching $3.50. 16,077 shares of the stock traded hands, compared to its average volume of 10,628. Franklin Wireless has a fifty-two week low of $2.71 and a fifty-two week high of $4.84. The stock’s 50-day moving average price is $3.08 and its 200 day moving average price is $3.15.

Institutional Investors Weigh In On Franklin Wireless

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in shares of Franklin Wireless in the second quarter valued at approximately $121,000. Dimensional Fund Advisors LP bought a new position in Franklin Wireless during the third quarter worth $32,000. Finally, BlackRock Inc. increased its holdings in shares of Franklin Wireless by 16.4% in the first quarter. BlackRock Inc. now owns 25,021 shares of the company’s stock valued at $100,000 after purchasing an additional 3,521 shares during the last quarter. Institutional investors own 11.46% of the company’s stock.

Franklin Wireless Company Profile

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Franklin Wireless Corp. provides intelligent wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, consumer home gateway customer-premises equipment (CPE), and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.

Further Reading

Earnings History for Franklin Wireless (OTCMKTS:FKWL)

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