Franklin Wireless Stock Is Trading Lower Following Battery Problems

Broadband data communications provider, Franklin Wireless Corp FKWL, was informed regarding battery issues in some of its wireless hotspot devices.
The company, along with its battery and device manufacturing partners and carrier customers, were working towards a possible solution.
The company had dispatched the first consignment of the new 5G broadband router to a tier-one carrier in South Korea in January.
FKWL has gained 428% in the last year.
Price action: FKWL shares traded lower by 2.37% at $21.09 in the premarket session on the last check Monday.

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