Wrap Technologies (NASDAQ:WRAP) Stock Price Up 0.6%

Wrap Technologies, Inc. (NASDAQ:WRAP) shares rose 0.6% during trading on Thursday . The company traded as high as $1.68 and last traded at $1.66. Approximately 67,414 shares changed hands during trading, a decline of 39% from the average daily volume of 110,678 shares. The stock had previously closed at $1.65.

Wrap Technologies Trading Up 4.2 %

The stock has a 50-day simple moving average of $1.73 and a 200 day simple moving average of $1.53. The company has a market cap of $72.61 million, a price-to-earnings ratio of -4.32 and a beta of 1.73.

Wrap Technologies (NASDAQ:WRAP) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.12) EPS for the quarter. Wrap Technologies had a negative return on equity of 65.52% and a negative net margin of 228.34%. The firm had revenue of $1.20 million for the quarter.

Institutional Trading of Wrap Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRAP. BlackRock Inc. lifted its holdings in shares of Wrap Technologies by 1.5% in the 2nd quarter. BlackRock Inc. now owns 498,900 shares of the company’s stock valued at $728,000 after buying an additional 7,413 shares during the period. Millennium Management LLC lifted its holdings in shares of Wrap Technologies by 19.1% in the 4th quarter. Millennium Management LLC now owns 236,697 shares of the company’s stock valued at $400,000 after buying an additional 38,025 shares during the period. Mariner LLC acquired a new position in shares of Wrap Technologies in the 1st quarter valued at about $380,000. Advisor Group Holdings Inc. lifted its holdings in shares of Wrap Technologies by 232.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 67,536 shares of the company’s stock valued at $114,000 after buying an additional 47,200 shares during the period. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Wrap Technologies in the 2nd quarter valued at about $84,000. Institutional investors and hedge funds own 14.59% 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.