Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) saw unusually large options trading on Thursday. Stock traders purchased 8,561 call options on the stock. This is an increase of approximately 626% compared to the average daily volume of 1,180 call options.
Institutional Trading of Wrap Technologies
Institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new stake in shares of Wrap Technologies in the second quarter valued at $25,000. Dimensional Fund Advisors LP purchased a new stake in shares of Wrap Technologies during the fourth quarter valued at $26,000. Meridian Wealth Management LLC purchased a new stake in shares of Wrap Technologies during the third quarter valued at $27,000. UBS Group AG lifted its stake in Wrap Technologies by 136.0% in the 4th quarter. UBS Group AG now owns 17,348 shares of the company's stock worth $29,000 after acquiring an additional 9,998 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Wrap Technologies in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 8.82% of the company's stock.
Wrap Technologies Stock Performance
Shares of NASDAQ:WRAP traded up $0.17 on Thursday, hitting $2.08. The company's stock had a trading volume of 681,921 shares, compared to its average volume of 573,310. The company has a market capitalization of $91.96 million, a price-to-earnings ratio of -5.47 and a beta of 1.44. The stock's 50-day moving average is $2.97 and its two-hundred day moving average is $2.75. Wrap Technologies has a 12 month low of $0.95 and a 12 month high of $7.01.
About Wrap Technologies
(
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Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.
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