Wrap Technologies (OTCMKTS:WRTC) Trading Down 4% – What’s Next?

Wrap Technologies, Inc. (OTCMKTS:WRTCGet Free Report) traded down 4% on Thursday . The stock traded as low as $1.42 and last traded at $1.44. 71,471 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 805,226 shares. The stock had previously closed at $1.50.

Wrap Technologies Price Performance

The business has a 50-day moving average of $1.73 and a 200-day moving average of $1.81. The firm has a market cap of $53.58 million, a price-to-earnings ratio of -3.89 and a beta of 1.87.

Wrap Technologies Company Profile

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Wrap Technologies, Inc operates as a development stage security technology company. It focuses on delivering solutions to customers, primarily law enforcement and security personnel. The firm products includes BolaWrap 100, which is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet.

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