Stock under Close Observation: Wrap Technologies Inc (NASDAQ: WRTC)

On Monday, Wrap Technologies Inc (NASDAQ: WRTC) remained among the day gainers losers and traded with change of 2.36% on volume of 76,644 shares in the last session as compared to average volume of 82050 shares. During last trade its minimum price was $3.41 and it gained highest price of $3.52. WRTC has total market capitalization of $102909790. Its closing value stands at $3.47.

Wrap Technologies, Inc (WRTC) recently stated on a recent demonstration and training of the BolaWrap to Edenton Police Department in North Carolina. CBS 3 WKTR’s Allison Mechanic stated that Edenton PD will be the first department in North Carolina to carry the device. The story was syndicated and aired on television in North Carolina, South Carolina, Kentucky, Pennsylvania, Tennessee, Missouri, Virginia, Ohio, Georgia, Michigan, and New York.

“We are excited that Chief Henry King and Edenton Police Department has decided to implement our remote restraint solution as part of their less lethal toolkit,” stated Mike Rothans, Chief Operating Officer at Wrap Technologies. “The following quote from Chief King recognizes the positioning of BolaWrap as an additional early engagement tool.”

“It is an prospects for us to have something in our tool belt,” explained Edenton Police Chief Henry King, who hosted the presentation. “When you’re going to fix a house, you want to have over just a hammer. This gives us an extra tool to take someone into custody without using a different, higher level of force.”

Analyst recommendation for this stock stands at 2.00. The volatility in the previous week has experienced by 4.85% and observed of 4.80% in the previous month.7.50% ownership is held by institutional investors while insiders hold ownership of 18.10%.

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