Wrap Technologies (OTCMKTS:WRTC) Trading Down 2.5% – What’s Next?

Wrap Technologies, Inc. (OTCMKTS:WRTC)’s stock price was down 2.5% during trading on Wednesday . The company traded as low as $1.17 and last traded at $1.19. Approximately 82,664 shares changed hands during trading, a decline of 90% from the average session volume of 805,226 shares. The stock had previously closed at $1.22.

Wrap Technologies Stock Down 2.5%

The company has a market cap of $44.28 million, a P/E ratio of -3.22 and a beta of 1.87. The firm’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.82.

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.