Franklin Wireless Co. (OTCMKTS:FKWL)’s stock price traded down 2.3% during trading on Thursday . The stock traded as low as $2.60 and last traded at $2.59, 400 shares traded hands during mid-day trading. A decline of 96% from the average session volume of 9,698 shares. The stock had previously closed at $2.65.

Separately, ValuEngine lowered shares of Franklin Wireless from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

The business’s 50-day simple moving average is $2.52 and its two-hundred day simple moving average is $2.59.

Franklin Wireless Company Profile (OTCMKTS:FKWL)

Franklin Wireless Corp. provides intelligent wireless solutions. Its products include mobile hotspots, routers, and modems, as well as hardware and software products that support machine-to-machine (M2M) applications and the Internet of Things (IoT). The company's M2M and IoT solutions include embedded modules, and modems and gateways built to deliver connectivity supporting various spectrums of applications.

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