Wrap Technologies (OTCMKTS:WRTC) Shares Climb 3% – Here’s Why

Wrap Technologies, Inc. (OTCMKTS:WRTC – Get Free Report) shares traded up 3% during trading on Wednesday. The company traded as high as $1.40 and last traded at $1.38. Approximately 464,481 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 805,226 shares. The stock had previously closed at $1.34.

Wrap Technologies Price Performance

The stock has a market capitalization of $51.35 million, a price-to-earnings ratio of -3.73 and a beta of 1.87. The firm has a fifty day moving average of $1.66 and a 200 day moving average of $1.55.

About Wrap Technologies

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Wrap Technologies, Inc develops public safety equipment and training solutions for law enforcement, corrections, security personnel and other organizations that manage potentially dangerous encounters. The company’s products are designed to help personnel control or de-escalate situations while providing alternatives to more force-intensive intervention.

Its flagship product, BolaWrap, is a handheld remote restraint device that deploys a tether intended to entangle a person’s legs or arms from a distance.

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