Taoping (NASDAQ:TAOP) Announces Quarterly Earnings Results, Beats Estimates By $11.33 EPS

Taoping (NASDAQ:TAOP) issued its earnings results on Thursday. The company reported ($0.67) EPS for the quarter, topping the consensus estimate of ($12.00) by $11.33, FiscalAI reports. The firm had revenue of $5.66 million during the quarter, compared to the consensus estimate of $24.00 million.

Taoping Stock Up 10.0%

TAOP stock traded up $0.12 during midday trading on Friday, hitting $1.32. The stock had a trading volume of 10,262 shares, compared to its average volume of 35,368. Taoping has a 52 week low of $1.18 and a 52 week high of $20.10. The stock has a 50-day simple moving average of $1.36 and a 200 day simple moving average of $1.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Taoping in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus 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.