Franklin Wireless (NASDAQ:FKWL – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.34), FiscalAI reports. The firm had revenue of $8.40 million during the quarter, compared to the consensus estimate of $10.60 million. Franklin Wireless had a negative return on equity of 2.98% and a negative net margin of 2.07%.
Franklin Wireless Stock Down 1.8%
Shares of Franklin Wireless stock traded down $0.04 on Monday, reaching $2.39. The company’s stock had a trading volume of 1,515 shares, compared to its average volume of 18,294. The company has a market capitalization of $28.11 million, a price-to-earnings ratio of -39.77 and a beta of 0.31. Franklin Wireless has a 52 week low of $2.21 and a 52 week high of $5.48. The firm’s fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $2.90.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Franklin Wireless in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.
Franklin Wireless Company Profile
Franklin Wireless Corporation develops and supplies wireless communications equipment and connected-device solutions. The company’s products are designed to provide mobile broadband connectivity through cellular networks and include mobile hotspots, routers, modems, and related wireless devices.
Franklin Wireless primarily serves wireless network operators, distributors, retailers, and enterprise customers. Its offerings support applications such as home and mobile internet access, backup connectivity, remote communications, and Internet of Things deployments.
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