Wrap Technologies (OTCMKTS:WRTC) Shares Up 1.5% – Here’s Why

Wrap Technologies, Inc. (OTCMKTS:WRTC)’s stock price rose 1.5% during mid-day trading on Wednesday. The stock traded as high as $1.37 and last traded at $1.33. Approximately 173,752 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 805,226 shares. The stock had previously closed at $1.31.

Wrap Technologies Price Performance

The company’s 50-day simple moving average is $1.54 and its 200-day simple moving average is $1.54. The stock has a market capitalization of $49.49 million, a price-to-earnings ratio of -3.59 and a beta of 1.87.

Wrap Technologies Company Profile

Wrap Technologies, Inc develops public safety and law enforcement solutions designed to help personnel manage encounters and restrain individuals while reducing the need for close physical contact. The company serves law enforcement agencies, correctional institutions, security organizations and other public safety customers.

Its primary product is BolaWrap, a remote restraint device that deploys a tether intended to entangle an individual’s legs or arms from a distance. The system is designed to provide an intermediate option for trained personnel during certain situations, particularly when verbal de-escalation has not resolved an encounter but higher levels of force may not be appropriate.

Wrap Technologies also offers Wrap Reality, an immersive virtual-reality training platform intended to help public safety professionals practice de-escalation, communication and decision-making in simulated scenarios.