Taoping (NASDAQ:TAOP) Shares Down 4.1% – Time to Sell?

Taoping Inc. (NASDAQ:TAOP)’s stock price fell 4.1% during mid-day trading on Tuesday . The company traded as low as $1.42 and last traded at $1.63. 27,121 shares were traded during mid-day trading, a decline of 65% from the average session volume of 78,147 shares. The stock had previously closed at $1.70.

Wall Street Analyst Weigh In

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 company presently has a consensus rating of “Sell”.

Taoping Trading Down 4.1%

The stock has a fifty day moving average of $1.75 and a two-hundred day moving average of $2.60. The company has a current ratio of 2.38, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40.

Taoping (NASDAQ:TAOP) last released its earnings results on Wednesday, October 1st. The company reported ($3.27) EPS for the quarter. The business 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.