Thompson Davis & CO. Inc. Acquires New Stake in Franklin Wireless Corp. (NASDAQ:FKWL)

Thompson Davis & CO. Inc. acquired a new stake in Franklin Wireless Corp. (NASDAQ:FKWL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,000 shares of the company’s stock, valued at approximately $142,000. Thompson Davis & CO. Inc. owned 0.25% of Franklin Wireless as of its most recent SEC filing.

Separately, Geode Capital Management LLC boosted its position in Franklin Wireless by 39.1% during the third quarter. Geode Capital Management LLC now owns 99,859 shares of the company’s stock valued at $457,000 after acquiring an additional 28,052 shares during the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

Franklin Wireless Trading Up 2.4 %

Shares of FKWL opened at $6.86 on Friday. The stock has a market capitalization of $81.78 million, a P/E ratio of -36.11 and a beta of 0.18. The firm’s fifty day simple moving average is $5.10 and its two-hundred day simple moving average is $4.54. Franklin Wireless Corp. has a 12 month low of $2.69 and a 12 month high of $7.45.

Franklin Wireless (NASDAQ:FKWL) last released its quarterly earnings data on Friday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $17.83 million for the quarter. Franklin Wireless had a negative net margin of 5.06% and a negative return on equity of 5.91%.

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.