Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) was down 5.3% on Thursday . The company traded as low as $1.97 and last traded at $1.98. Approximately 84,943 shares traded hands during trading, a decline of 57% from the average daily volume of 199,718 shares. The stock had previously closed at $2.09.
Wrap Technologies Stock Performance
The firm has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $1.82. The company has a market capitalization of $78.46 million, a PE ratio of -4.07 and a beta of 1.37.
Wrap Technologies (NASDAQ:WRAP - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. Wrap Technologies had a negative return on equity of 480.59% and a negative net margin of 394.21%.
Institutional Investors Weigh In On Wrap Technologies
Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Wrap Technologies in the fourth quarter valued at about $1,906,000. Caption Management LLC grew its position in shares of Wrap Technologies by 1,083.0% in 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 in the last quarter. Marshall Wace LLP bought a new stake in shares of Wrap Technologies in the 4th quarter valued at approximately $271,000. Jane Street Group LLC acquired a new stake in shares of Wrap Technologies during the 4th quarter valued at approximately $70,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Wrap Technologies during the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds 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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