Wrap Technologies (OTCMKTS:WRTC) Stock Price Down 3.3% – Should You Sell?

Wrap Technologies, Inc. (OTCMKTS:WRTCGet Free Report) shares dropped 3.3% during trading on Tuesday . The stock traded as low as $2.29 and last traded at $2.35. Approximately 400,347 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 805,226 shares. The stock had previously closed at $2.43.

Wrap Technologies Stock Down 3.3%

The stock has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.12. The stock has a market cap of $87.45 million, a price-to-earnings ratio of -6.35 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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