Taoping (NASDAQ:TAOP) Trading 1.1% Higher – What’s Next?

Taoping Inc. (NASDAQ:TAOP) was up 1.1% during trading on Wednesday . The company traded as high as $1.4550 and last traded at $1.3850. Approximately 5,739 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 44,936 shares. The stock had previously closed at $1.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Taoping Trading Up 1.1%

The company has a quick ratio of 1.82, a current ratio of 1.87 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.45.

Taoping (NASDAQ:TAOP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.67) earnings per share for the quarter, topping the consensus estimate of ($12.00) by $11.33. The company had revenue of $5.66 million for the quarter, compared to analyst estimates of $24.00 million.

Taoping Company Profile

Taoping Inc provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through Cloud-Based Technology and Traditional Information Technology segments. The company offers cloud-based software as a service to automate the interactive workflows between advertising agencies and their customers, including establishing new advertising projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data.