Wrap Technologies (NASDAQ:WRAP) Stock Price Down 0.9% - Should You Sell?

Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report)'s share price dropped 0.9% during mid-day trading on Thursday . The company traded as low as $2.10 and last traded at $2.15. Approximately 85,180 shares were traded during trading, a decline of 60% from the average daily volume of 215,553 shares. The stock had previously closed at $2.17.

Wrap Technologies Stock Performance

The company has a market cap of $96.81 million, a price-to-earnings ratio of -5.02 and a beta of 1.37. The firm has a fifty day moving average price of $2.08 and a 200 day moving average price of $1.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caption Management LLC boosted its stake in shares of Wrap Technologies by 1,083.0% during the 4th quarter. Caption Management LLC now owns 162,462 shares of the company's stock worth $344,000 after acquiring an additional 178,990 shares during the period. Jane Street Group LLC acquired a new stake in Wrap Technologies during the 4th quarter valued at $70,000. Two Sigma Securities LLC acquired a new stake in Wrap Technologies during the 4th quarter valued at $33,000. Marshall Wace LLP bought a new position in Wrap Technologies during the fourth quarter worth $271,000. Finally, XTX Topco Ltd acquired a new position in shares of Wrap Technologies in the fourth quarter valued at $58,000. Institutional investors own 8.82% of the company's stock.

Wrap Technologies Company Profile

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.