Taoping (TAOP) Expected to Post Quarterly Earnings on Friday

Taoping (NASDAQ:TAOP) is expected to be releasing its results before the market opens on Friday, September 4th. Analysts expect the company to announce earnings of ($12.00) per share and revenue of $24.00 million for the quarter.

Taoping Stock Up 9.9%

NASDAQ TAOP opened at $0.88 on Wednesday. Taoping has a 1-year low of $0.52 and a 1-year high of $3.99. The business has a 50 day moving average price of $1.07 and a 200 day moving average price of $1.26. The company has a quick ratio of 1.82, a current ratio of 1.87 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Taoping in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.