Wrap Technologies (OTCMKTS:WRTC) Stock Price Up 3.8% – Here’s What Happened

Wrap Technologies, Inc. (OTCMKTS:WRTC)’s stock price was up 3.8% during trading on Wednesday . The stock traded as high as $2.26 and last traded at $2.19. 2,732,087 shares changed hands during trading, an increase of 239% from the average session volume of 805,226 shares. The stock had previously closed at $2.11.

Wrap Technologies Stock Performance

The stock has a market cap of $81.49 million, a PE ratio of -5.92 and a beta of 1.87. The stock has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.72.

Wrap Technologies Company Profile

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.