Shares of Wrap Technologies, Inc. (OTCMKTS:WRTC – Get Free Report) were down 2.7% on Wednesday . The stock traded as low as $1.40 and last traded at $1.43. Approximately 165,310 shares were traded during trading, a decline of 79% from the average daily volume of 805,226 shares. The stock had previously closed at $1.47.
Wrap Technologies Stock Performance
The firm’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $2.01. The stock has a market cap of $61.40 million, a price-to-earnings ratio of -4.46 and a beta of 1.87.
About Wrap Technologies
Wrap Technologies, Inc, traded on the OTC Markets under the ticker WRTC, is a public safety technology company focused on developing and commercializing non-lethal restraint solutions for law enforcement, security professionals and corrections agencies. Headquartered in Scottsdale, Arizona, the company’s flagship product, the BolaWrap® remote restraint device, deploys an entangling cord to safely contain or slow a subject from a distance, offering an alternative to more aggressive enforcement tools.
Originally founded in 2018, Wrap Technologies has designed its product line to address de-escalation and risk mitigation in high-tension encounters.
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