Taoping (NASDAQ:TAOP) Stock Price Up 2.5% – Here’s Why

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

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Taoping currently has an average rating of “Sell”.

Taoping Trading Up 7.4%

The company has a current ratio of 1.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $1.33.

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.