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

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Taoping presently has a consensus rating of “Sell”.

Taoping Price Performance

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

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.