Wrap Technologies (OTCMKTS:WRTC) Stock Price Down 3.3% – What’s Next?

Wrap Technologies, Inc. (OTCMKTS:WRTC) shares traded down 3.3% on Tuesday . The company traded as low as $2.29 and last traded at $2.35. 400,347 shares were traded during trading, a decline of 50% from the average session volume of 805,226 shares. The stock had previously closed at $2.43.

Wrap Technologies Stock Performance

The stock has a market cap of $87.45 million, a PE ratio of -6.35 and a beta of 1.87. The stock’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.12.

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.