Taoping Inc. (NASDAQ:TAOP – Get Free Report)’s stock price traded down 3% during trading on Friday . The company traded as low as $1.2780 and last traded at $1.3777. 3,779 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 7,620 shares. The stock had previously closed at $1.42.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Taoping in a report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Report on TAOP
Taoping Stock Performance
Taoping (NASDAQ:TAOP – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, beating the consensus estimate of ($12.00) by $11.33. The business had revenue of $5.66 million for the quarter, compared to the consensus estimate of $24.00 million.
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.
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