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

Taoping Inc. (NASDAQ:TAOP)’s stock 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 were traded during trading, a decline of 87% from the average session volume of 44,936 shares. The stock had previously closed at $1.37.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Taoping Stock Up 1.1%

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.87 and a quick ratio of 1.82. The company has a fifty day moving average price of $1.34 and a two-hundred day moving average price of $1.45.

Taoping (NASDAQ:TAOP) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($12.00) by $11.33. The firm 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.