Wrap Technologies, Inc. (OTCMKTS:WRTC – Get Free Report) dropped 2.5% on Wednesday . The company traded as low as $1.17 and last traded at $1.19. 82,664 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 805,226 shares. The stock had previously closed at $1.22.
Wrap Technologies Trading Down 5.4%
The firm has a fifty day moving average of $1.41 and a 200 day moving average of $1.81. The company has a market capitalization of $39.44 million, a P/E ratio of -2.86 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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