Taoping (TAOP) Projected to Post Quarterly Earnings on Friday

Taoping (NASDAQ:TAOP) is projected to issue its results before the market opens on Friday, September 4th. Analysts expect the company to post earnings of ($12.00) per share and revenue of $24.00 million for the quarter.

Taoping Trading Down 7.9%

TAOP opened at $0.81 on Thursday. The firm has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.26. Taoping has a 1 year low of $0.52 and a 1 year high of $3.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.87 and a quick ratio of 1.82.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Taoping in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Taoping has a consensus rating of “Sell”.

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.