Wrap Technologies (WRAP) Scheduled to Post Earnings on Wednesday

Wrap Technologies (NASDAQ:WRAP – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 10th. Investors that wish to register for the company’s conference call can do so using this link.

Wrap Technologies (NASDAQ:WRAP – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Wrap Technologies had a negative return on equity of 55.58% and a negative net margin of 218.88%. The firm had revenue of $3.58 million during the quarter, compared to the consensus estimate of $3.27 million.

Wrap Technologies Stock Up 4.3 %

NASDAQ:WRAP opened at $1.20 on Monday. Wrap Technologies has a 1 year low of $1.07 and a 1 year high of $3.53. The stock’s 50 day simple moving average is $1.62 and its two-hundred day simple moving average is $1.89.

Hedge Funds Weigh In On Wrap Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new position in shares of Wrap Technologies in the 4th quarter worth approximately $26,000. Virtu Financial LLC purchased a new position in shares of Wrap Technologies in the 4th quarter worth approximately $29,000. UBS Group AG boosted its holdings in shares of Wrap Technologies by 136.0% in the 4th quarter. UBS Group AG now owns 17,348 shares of the company’s stock worth $29,000 after purchasing an additional 9,998 shares during the period. Jane Street Group LLC purchased a new position in shares of Wrap Technologies in the 2nd quarter worth approximately $35,000. Finally, Williams Jones Wealth Management LLC. purchased a new position in shares of Wrap Technologies in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 9.75% of the company’s stock.

About Wrap Technologies

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Wrap Technologies, Inc is a global public safety technology and service company, which engages in the provision of modern policing solutions to law enforcement and security personnel. Its products include BolaWrap Remote Restraint Device and Wrap Reality. The company was founded by Elwood G. Norris, Scot J.