Wrap Technologies (OTCMKTS:WRTC) Shares Up 4% - Should You Buy?

Key Points

• Wrap Technologies, Inc. experienced a 4% increase in stock price, trading at $2.85 during mid-day on Friday.
• The company's stock saw a significant volume decline, with approximately 201,607 shares traded, a drop of 75% from its daily average.
• Wrap Technologies focuses on developing security technology solutions, notably the BolaWrap 100, a device aimed at law enforcement for restraining individuals from a distance.

Wrap Technologies, Inc. (OTCMKTS:WRTC - )'s stock price was up 4% during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.85. Approximately 201,607 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 805,226 shares. The stock had previously closed at $2.74.

Wrap Technologies Price Performance

The company has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.63. The stock has a market cap of $106.05 million, a PE ratio of -7.70 and a beta of 1.87.

About Wrap Technologies

Wrap Technologies, Inc operates as a development stage security technology company. It focuses on delivering solutions to customers, primarily law enforcement and security personnel. The firm products includes BolaWrap 100, which is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet.

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