Wrap Technologies (NASDAQ:WRAP) Releases Quarterly Earnings Results

Wrap Technologies (NASDAQ:WRAP) announced its earnings results on Monday. The company reported ($0.17) earnings per share for the quarter, Zacks reports. Wrap Technologies had a negative net margin of 394.21% and a negative return on equity of 480.59%.

Wrap Technologies Stock Performance

Wrap Technologies stock opened at $1.90 on Monday. Wrap Technologies has a fifty-two week low of $1.21 and a fifty-two week high of $2.58. The stock has a market cap of $87.18 million, a price-to-earnings ratio of -4.52 and a beta of 1.37. The stock’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $1.82.

Wrap Technologies Company Profile

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.