Taoping (NASDAQ:TAOP) Trading Up 2.5% – Still a Buy?

Taoping Inc. (NASDAQ:TAOP) shares rose 2.5% during trading on Monday . The stock traded as high as $0.7610 and last traded at $0.7430. Approximately 49,671 shares were traded during trading, a decline of 84% from the average session volume of 313,806 shares. The stock had previously closed at $0.7249.

Wall Street Analysts Forecast Growth

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

Taoping Price Performance

The company has a quick ratio of 1.82, a current ratio of 1.87 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.33.

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.