Franklin Wireless (NASDAQ:FKWL – Get Free Report) issued its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04, Zacks reports. Franklin Wireless had a negative net margin of 12.99% and a negative return on equity of 1.62%. The company had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $10.60 million.
Franklin Wireless Price Performance
NASDAQ FKWL opened at $2.39 on Wednesday. The company has a market cap of $28.15 million, a P/E ratio of -5.97 and a beta of 0.31. Franklin Wireless has a 1-year low of $2.21 and a 1-year high of $5.48. The stock has a 50-day moving average of $2.40 and a two-hundred day moving average of $2.88.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Franklin Wireless in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Franklin Wireless presently has a consensus rating of “Hold” and a consensus 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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