Franklin Wireless Drops Close to $3; What’s Ahead Next Week
Franklin Wireless Corp. stock is sitting near $3 as the U.S. heads into the long holiday weekend. The shares had a rough week after the company turned in a soft quarterly report and put out more warnings on customer demand. The shares finished Friday at $3.03, down 6.5 cents, or 2.1%. Trading volume came to 7,894 shares. The previous Friday close was $3.10, so the Nasdaq microcap dropped roughly 2.3% for the week. Market cap stood near $35.7 million.