Wrap Technologies (OTCMKTS:WRTC) Stock Price Down 2.3% – Should You Sell?

Wrap Technologies, Inc. (OTCMKTS:WRTCGet Free Report) dropped 2.3% during mid-day trading on Wednesday . The stock traded as low as $2.08 and last traded at $2.09. Approximately 69,801 shares traded hands during trading, a decline of 91% from the average daily volume of 805,226 shares. The stock had previously closed at $2.14.

Wrap Technologies Price Performance

The company has a 50-day moving average of $2.08 and a 200 day moving average of $1.81. The company has a market cap of $77.77 million, a PE ratio of -5.65 and a beta of 1.87.

About Wrap Technologies

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Wrap Technologies, Inc operates as a development stage security technology company. It focuses on delivering solutions to customers, primarily law enforcement and security personnel. The firm products includes BolaWrap 100, which is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet.

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