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

Taoping Inc. (NASDAQ:TAOP)’s share price shot up 1.1% on Wednesday . The stock traded as high as $1.4550 and last traded at $1.3850. Approximately 5,739 shares traded hands during trading, a decline of 87% from the average session volume of 44,936 shares. The stock had previously closed at $1.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Taoping has an average rating of “Sell”.

Taoping Stock Up 8.9%

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’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.44.

Taoping (NASDAQ:TAOP) last posted its earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, beating analysts’ consensus estimates of ($12.00) by $11.33. The business had revenue of $5.66 million for the quarter, compared to analysts’ expectations 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.