Taoping (NASDAQ:TAOP) Trading Down 23.2% – What’s Next?

Taoping Inc. (NASDAQ:TAOP)’s share price was down 23.2% during mid-day trading on Thursday . The company traded as low as $1.19 and last traded at $1.29. Approximately 69,815 shares traded hands during trading, an increase of 93% from the average daily volume of 36,253 shares. The stock had previously closed at $1.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Taoping in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Taoping Stock Performance

The business has a 50 day moving average of $1.45 and a two-hundred day moving average of $2.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 2.38.

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.