Taoping (NASDAQ:TAOP) Stock Price Up 1.4% – What’s Next?

Taoping Inc. (NASDAQ:TAOP) was up 1.4% on Wednesday . The company traded as high as $1.43 and last traded at $1.43. Approximately 901 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 70,427 shares. The stock had previously closed at $1.41.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Taoping in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Taoping Stock Up 1.4%

The firm’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $2.31. The company has a quick ratio of 2.15, a current ratio of 2.38 and a debt-to-equity ratio of 0.40.

Taoping (NASDAQ:TAOP) last issued its quarterly earnings data on Wednesday, October 1st. The company reported ($3.27) earnings per share (EPS) for the quarter. The firm had revenue of $8.80 million during the quarter.

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.