Wrap Technologies (OTCMKTS:WRTC) Trading Up 2.6% – Here’s Why

Wrap Technologies, Inc. (OTCMKTS:WRTCGet Free Report) traded up 2.6% during mid-day trading on Wednesday . The company traded as high as $1.6288 and last traded at $1.58. 330,976 shares were traded during mid-day trading, a decline of 59% from the average session volume of 805,226 shares. The stock had previously closed at $1.54.

Wrap Technologies Price Performance

The company has a fifty day moving average price of $2.10 and a 200 day moving average price of $2.21. The company has a market capitalization of $61.03 million, a P/E ratio of -4.43 and a beta of 1.87.

Wrap Technologies Company Profile

(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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