Franklin Wireless Corp. (OTCMKTS:FKWL – Get Rating) shares dropped 0.7% on Wednesday . The company traded as low as $2.83 and last traded at $2.84. Approximately 15,652 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 15,933 shares. The stock had previously closed at $2.86.
Franklin Wireless Trading Down 0.4 %
The stock’s fifty day moving average is $2.96 and its 200 day moving average is $3.35.
Institutional Investors Weigh In On Franklin Wireless
An institutional investor recently bought a new position in Franklin Wireless stock. JPMorgan Chase & Co. bought a new position in Franklin Wireless Corp. (OTCMKTS:FKWL – Get Rating) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,360 shares of the company’s stock, valued at approximately $121,000. JPMorgan Chase & Co. owned 0.32% of Franklin Wireless at the end of the most recent reporting period. 11.46% of the stock is owned by institutional investors and hedge funds.
Franklin Wireless Company Profile
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). It offers M2M and IoT solutions that 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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