Taoping (NASDAQ:TAOP) Shares Up 1.6% – What’s Next?

Taoping Inc. (NASDAQ:TAOP) was up 1.6% during trading on Friday. The company traded as high as $0.4194 and last traded at $0.4066. 27,456 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 330,118 shares. The stock had previously closed at $0.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Taoping in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Taoping Stock Up 1.6%

The firm’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $1.14.

Taoping (NASDAQ:TAOP) last announced its quarterly earnings data on Tuesday, September 29th. The company reported ($0.50) EPS for the quarter. The business had revenue of $5.94 million during the quarter.

Taoping Company Profile

Taoping Inc is a technology company that develops and operates digital advertising, cloud-service and smart-city solutions. Its business has focused on using networked digital displays and cloud-based platforms to deliver information, advertising and other services across public and commercial locations.

The company’s offerings have included digital media systems, software platforms and related technology designed to support content management, advertising operations and community or municipal services.