Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) rose 2% during trading on Tuesday . The company traded as high as $1.68 and last traded at $1.55. Approximately 340,478 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 308,601 shares. The stock had previously closed at $1.52.
Wrap Technologies Stock Down 2.6 %
The stock has a 50-day moving average of $1.56 and a 200 day moving average of $1.61. The stock has a market cap of $69.26 million, a PE ratio of -2.85 and a beta of 1.51.
Wrap Technologies (NASDAQ:WRAP - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported ($0.02) EPS for the quarter. Wrap Technologies had a negative return on equity of 316.93% and a negative net margin of 295.12%. The company had revenue of $1.57 million during the quarter.
Insiders Place Their Bets
In other Wrap Technologies news, major shareholder Elwood G. Norris sold 22,186 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $1.63, for a total value of $36,163.18. Following the sale, the insider now owns 938,539 shares in the company, valued at approximately $1,529,818.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 40,000 shares of company stock worth $64,337. Corporate insiders own 14.75% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in WRAP. SG Americas Securities LLC purchased a new position in shares of Wrap Technologies during the 1st quarter valued at approximately $42,000. GSA Capital Partners LLP lifted its position in shares of Wrap Technologies by 57.5% during the 3rd quarter. GSA Capital Partners LLP now owns 29,656 shares of the company's stock valued at $44,000 after buying an additional 10,827 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Wrap Technologies during the 2nd quarter valued at approximately $90,000. Virtu Financial LLC purchased a new position in shares of Wrap Technologies during the 1st quarter valued at approximately $98,000. Finally, NorthRock Partners LLC raised its stake in Wrap Technologies by 68.1% in the 1st quarter. NorthRock Partners LLC now owns 62,344 shares of the company's stock valued at $141,000 after purchasing an additional 25,252 shares during the last quarter. Hedge funds and other institutional investors own 8.82% of the company's stock.
About Wrap Technologies
(
Get Free Report)
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.
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