Taoping (NASDAQ:TAOP) Trading 2.5% Higher – Time to Buy?

Taoping Inc. (NASDAQ:TAOP)’s stock price was up 2.5% during trading on Monday . The company traded as high as $0.7610 and last traded at $0.7430. 49,671 shares were traded 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 downgraded Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Taoping Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.82 and a current ratio of 1.87. The firm has a 50-day moving average of $1.24 and a 200 day 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.