Taoping (NASDAQ:TAOP) Shares Down 8.7% – Here’s What Happened

Taoping Inc. (NASDAQ:TAOP)’s stock price was down 8.7% during mid-day trading on Tuesday. The company traded as low as $0.3011 and last traded at $0.31. 27,122 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 57,012 shares. The stock had previously closed at $0.3394.

Wall Street Analysts Forecast Growth

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

Taoping Trading Down 8.7%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.58 and a current ratio of 1.63. The stock’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $1.11.

Taoping (NASDAQ:TAOP) last issued its earnings results on Tuesday, September 29th. The company reported ($0.50) earnings per share for the quarter. The company had revenue of $5.94 million during the quarter.

Taoping Company Profile

Taoping Inc (NASDAQ: TAOP) is a technology company that develops and operates digital advertising, digital media and cloud-based solutions. Its offerings are designed to help businesses, communities and public-sector organizations manage digital content, advertising and information services through connected screens and cloud platforms.

The company’s activities have included digital signage networks, advertising displays, cloud computing services and smart-city or smart-community applications.