Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) was down 5.3% on Thursday . The stock traded as low as $1.97 and last traded at $1.98. Approximately 84,943 shares changed hands during mid-day 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 Down 8.5 %
The company has a market capitalization of $79.79 million, a P/E ratio of -4.07 and a beta of 1.37. The business has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $1.82.
Wrap Technologies (NASDAQ:WRAP - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.17) earnings per share for the quarter. Wrap Technologies had a negative return on equity of 480.59% and a negative net margin of 394.21%.
Hedge Funds Weigh In On Wrap Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in WRAP. Geode Capital Management LLC raised its stake in Wrap Technologies by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 344,401 shares of the company's stock valued at $517,000 after acquiring an additional 17,150 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Wrap Technologies during the fourth quarter valued at about $63,000. Sapient Capital LLC bought a new stake in shares of Wrap Technologies during the fourth quarter valued at about $53,000. Raymond James Financial Inc. acquired a new stake in Wrap Technologies in the fourth quarter worth about $1,906,000. Finally, Virtu Financial LLC bought a new position in Wrap Technologies in the 4th quarter valued at about $45,000. 8.82% of the stock is currently owned by institutional investors and hedge funds.
Wrap Technologies Company Profile
(
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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