Wrap Technologies (OTCMKTS:WRTC) Stock Price Up 9.4% - Here's Why

Key Points

• Wrap Technologies, Inc. shares surged 9.4% in a single trading session, reaching a high of $2.14 before closing at $2.10.
• Despite the price increase, trading volume was down 44% from the average, with 451,766 shares changing hands.
• Wrap Technologies is a development stage security technology company that provides solutions primarily for law enforcement, including its signature product, the BolaWrap 100.

Wrap Technologies, Inc. (OTCMKTS:WRTC - Get Free Report) shares rose 9.4% on Friday . The company traded as high as $2.14 and last traded at $2.10. Approximately 451,766 shares changed hands during trading, a decline of 44% from the average daily volume of 805,226 shares. The stock had previously closed at $1.92.

Wrap Technologies Trading Up 20.5%

The business's 50 day moving average is $1.50 and its 200 day moving average is $1.58. The stock has a market capitalization of $96.38 million, a PE ratio of -7.00 and a beta of 1.87.

Wrap Technologies Company Profile

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.