Wrap Technologies (WRAP) to Release Earnings on Thursday

Wrap Technologies (NASDAQ:WRAP) will issue its quarterly earnings data after the market closes on Thursday, March 28th. Parties that are interested in registering for the company’s conference call can do so using this link.

Wrap Technologies Trading Up 0.5 %

Shares of NASDAQ:WRAP opened at $2.04 on Wednesday. The business has a fifty day simple moving average of $3.51 and a 200 day simple moving average of $2.70. Wrap Technologies has a 1 year low of $0.95 and a 1 year high of $7.01. The firm has a market cap of $90.19 million, a price-to-earnings ratio of -5.37 and a beta of 1.51.

Hedge Funds Weigh In On Wrap Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Wrap Technologies by 1.5% during the second quarter. BlackRock Inc. now owns 498,900 shares of the company’s stock worth $728,000 after buying an additional 7,413 shares during the last quarter. Wolverine Trading LLC increased its holdings in shares of Wrap Technologies by 19.9% during the 3rd quarter. Wolverine Trading LLC now owns 53,134 shares of the company’s stock valued at $80,000 after acquiring an additional 8,834 shares during the last quarter. UBS Group AG increased its holdings in shares of Wrap Technologies by 136.0% during the 4th quarter. UBS Group AG now owns 17,348 shares of the company’s stock valued at $29,000 after acquiring an additional 9,998 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Wrap Technologies in the 4th quarter valued at approximately $31,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Wrap Technologies in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 8.82% of the company’s stock.

About Wrap Technologies

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.