Wrap Technologies (OTCMKTS:WRTC) Stock Price Down 0.7% - Here's What Happened

Key Points

• Wrap Technologies, Inc.'s stock price fell by 0.7% to $1.35, with trading volume significantly down to approximately 95,684 shares, an 88% decrease from the average.
• The company has a market cap of $50.23 million and operates at a loss, reflected by a P/E ratio of -3.65.
• Wrap Technologies focuses on security technology solutions, particularly for law enforcement, with products like the BolaWrap 100, a remote restraint device.

Wrap Technologies, Inc. (OTCMKTS:WRTC - Get Free Report)'s stock price dropped 0.7% during mid-day trading on Thursday . The company traded as low as $1.32 and last traded at $1.35. Approximately 95,684 shares traded hands during trading, a decline of 88% from the average daily volume of 805,226 shares. The stock had previously closed at $1.36.

Wrap Technologies Price Performance

The company has a market capitalization of $51.72 million, a P/E ratio of -3.76 and a beta of 1.87. The business has a 50-day moving average of $1.43 and a 200-day moving average of $1.62.

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.