Taoping (NASDAQ:TAOP – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.67) EPS for the quarter, beating analysts’ consensus estimates of ($12.00) by $11.33, FiscalAI reports. The company had revenue of $5.66 million for the quarter, compared to analyst estimates of $24.00 million.
Taoping Price Performance
Shares of NASDAQ TAOP traded up $0.12 during mid-day trading on Friday, reaching $1.32. 11,256 shares of the company traded hands, compared to its average volume of 35,368. Taoping has a fifty-two week low of $1.18 and a fifty-two week high of $20.10. The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.72.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Taoping in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
About Taoping
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.
Further Reading
Receive News & Ratings for Taoping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taoping and related companies with MarketBeat.com's FREE daily email newsletter.
