Taoping (NASDAQ:TAOP) Posts Quarterly Earnings Results, Beats Expectations By $11.33 EPS

Taoping (NASDAQ:TAOP) released its earnings results on Thursday. The company reported ($0.67) earnings per share (EPS) for the quarter, topping the consensus estimate of ($12.00) by $11.33, FiscalAI reports. The firm had revenue of $5.66 million during the quarter, compared to the consensus estimate of $24.00 million.

Taoping Stock Performance

Taoping stock traded up $0.12 during mid-day trading on Friday, hitting $1.32. The company’s stock had a trading volume of 11,256 shares, compared to its average volume of 10,014. The company has a 50 day moving average of $1.36 and a 200-day moving average of $1.72. Taoping has a one year low of $1.18 and a one year high of $20.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Taoping in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 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.