Wrap Technologies (NASDAQ:WRAP) Shares Down 0.9% – What’s Next?

Wrap Technologies, Inc. (NASDAQ:WRAP) dropped 0.9% on Thursday . The stock traded as low as $2.10 and last traded at $2.15. Approximately 85,180 shares traded hands 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 stock has a fifty day moving average of $2.07 and a 200-day moving average of $1.76. The company has a market cap of $96.81 million, a PE ratio of -5.02 and a beta of 1.37.

Hedge Funds Weigh In On Wrap Technologies

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Wrap Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 349,596 shares of the company’s stock valued at $741,000 after acquiring an additional 5,195 shares during the period. GSA Capital Partners LLP boosted its holdings in 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 acquiring an additional 10,827 shares during the period. Two Sigma Securities LLC purchased a new position in Wrap Technologies during the 4th quarter valued at $33,000. Virtu Financial LLC purchased a new position in Wrap Technologies during the 4th quarter valued at $45,000. Finally, Sapient Capital LLC purchased a new position in Wrap Technologies during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 8.82% of the company’s stock.

About Wrap Technologies

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.