Wrap Technologies (OTCMKTS:WRTC) Trading Up 3% – Should You Buy?

Wrap Technologies, Inc. (OTCMKTS:WRTCGet Free Report)’s stock price rose 3% during mid-day trading on Wednesday . The company traded as high as $1.40 and last traded at $1.39. Approximately 307,032 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 805,226 shares. The stock had previously closed at $1.35.

Wrap Technologies Stock Performance

The firm has a market capitalization of $50.61 million, a P/E ratio of -3.68 and a beta of 1.87. The stock has a 50-day moving average of $1.48 and a 200 day moving average of $1.90.

About Wrap Technologies

(Get Free Report)

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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