Wrap Technologies (OTCMKTS:WRTC) Trading 2.7% Higher - Here's Why

Key Points

• Shares were trading up 2.7% mid-day to $1.50 (intraday high $1.56) on about 222,561 shares, roughly 72% below the stock's average daily volume.
• The company has a market capitalization of $55.82 million, a negative P/E (-4.05), and the stock sits below its 50-day ($1.78) and 200-day ($2.21) moving averages.
• Wrap Technologies makes non-lethal restraint products for law enforcement, most notably the BolaWrap remote restraint device that deploys an entangling cord to safely contain subjects from a distance.

Wrap Technologies, Inc. (OTCMKTS:WRTC - Get Free Report) shares were up 2.7% during mid-day trading on Wednesday . The stock traded as high as $1.56 and last traded at $1.50. Approximately 222,561 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 805,226 shares. The stock had previously closed at $1.46.

Wrap Technologies Trading Up 2.7%

The business has a 50-day moving average of $1.78 and a 200 day moving average of $2.21. The firm has a market capitalization of $55.82 million, a P/E ratio of -4.05 and a beta of 1.87.

Wrap Technologies Company Profile

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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