Franklin Wireless (NASDAQ:FKWL) Earns “Sell (D-)” Rating from Weiss Ratings

Franklin Wireless (NASDAQ:FKWL)‘s stock had its “sell (d-)” rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Franklin Wireless Stock Up 1.6%

FKWL stock opened at $4.50 on Wednesday. Franklin Wireless has a twelve month low of $3.66 and a twelve month high of $7.45. The stock has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $4.37.

Franklin Wireless (NASDAQ:FKWL) last posted its earnings results on Monday, September 29th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $6.93 million for the quarter. Franklin Wireless had a negative net margin of 0.53% and a negative return on equity of 0.65%.

Institutional Trading of Franklin Wireless

A number of large investors have recently modified their holdings of FKWL. Evergreen Capital Management LLC bought a new stake in shares of Franklin Wireless during the 2nd quarter valued at about $44,000. Goldman Sachs Group Inc. bought a new stake in shares of Franklin Wireless during the 1st quarter valued at about $66,000. Ritholtz Wealth Management bought a new stake in shares of Franklin Wireless during the 1st quarter valued at about $99,000. Acadian Asset Management LLC boosted its position in shares of Franklin Wireless by 175.5% during the 1st quarter. Acadian Asset Management LLC now owns 25,450 shares of the company’s stock valued at $144,000 after acquiring an additional 16,211 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Franklin Wireless during the 1st quarter valued at about $157,000. Institutional investors own 18.49% of the company’s stock.

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.