Chardan Capital Reiterates Their Buy Rating on Wrap Technologies Inc (WRTC)

By Ryan Adsit

In a report released today, James McIlree from Chardan Capital reiterated a Buy rating on Wrap Technologies Inc (WRTCResearch Report), with a price target of $12.50. The company’s shares closed yesterday at $6.83.

According to TipRanks.com, McIlree is a 1-star analyst with an average return of -2.8% and a 44.2% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and KEYW Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wrap Technologies Inc with a $12.50 average price target.

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The company has a one-year high of $9 and a one-year low of $2.10. Currently, Wrap Technologies Inc has an average volume of 189.7K.

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Wrap Technologies, Inc operates as a development stage security technology company. It focuses on delivering solutions to customers, primarily law enforcement and security personnel.