Taoping (NASDAQ:TAOP) Trading 1.4% Higher – Should You Buy?

Shares of Taoping Inc. (NASDAQ:TAOP) were up 1.4% on Wednesday . The stock traded as high as $1.43 and last traded at $1.43. Approximately 901 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 70,427 shares. The stock had previously closed at $1.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Taoping in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Taoping has a consensus rating of “Sell”.

Taoping Stock Up 1.4%

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 company has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $2.31.

Taoping (NASDAQ:TAOP) last released its earnings results on Wednesday, October 1st. The company reported ($3.27) earnings per share (EPS) for the quarter. The company had revenue of $8.80 million during the quarter.

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.