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Wrap Technologies (OTCMKTS:WRTC) Stock Price Up 9.4% - Still a Buy?

Wrap Technologies logo with Industrials background

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.
  • Five stocks to consider instead of Wrap Technologies.

Wrap Technologies, Inc. (OTCMKTS:WRTC - Get Free Report)'s share price traded up 9.4% during mid-day trading on Friday . The stock traded as high as $2.14 and last traded at $2.10. 451,766 shares were traded during mid-day trading, a decline of 44% from the average session volume of 805,226 shares. The stock had previously closed at $1.92.

Wrap Technologies Stock Performance

The business's 50 day moving average is $1.53 and its 200 day moving average is $1.58. The stock has a market cap of $95.26 million, a price-to-earnings ratio of -6.92 and a beta of 1.87.

Wrap Technologies Company Profile

(Get Free Report)

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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