Wrap Technologies (NASDAQ:WRAP) Posts Earnings Results

Wrap Technologies (NASDAQ:WRAP) announced its quarterly 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%. The company had revenue of $0.86 million for the quarter.

Wrap Technologies Trading Down 5.3 %

Shares of NASDAQ WRAP opened at $1.62 on Wednesday. The stock’s 50-day moving average is $2.07 and its 200 day moving average is $1.82. The stock has a market cap of $74.33 million, a price-to-earnings ratio of -3.86 and a beta of 1.37. Wrap Technologies has a 1-year low of $1.21 and a 1-year high of $2.58.

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.