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

Taoping (NASDAQ:TAOP) posted its quarterly earnings data on Thursday. The company reported ($0.67) earnings per share for the quarter, beating the consensus estimate of ($12.00) by $11.33, FiscalAI reports. The business had revenue of $5.66 million during the quarter, compared to the consensus estimate of $24.00 million.

Taoping Stock Up 10.0%

Shares of TAOP traded up $0.12 during mid-day trading on Friday, hitting $1.32. The company’s stock had a trading volume of 10,262 shares, compared to its average volume of 35,368. Taoping has a one year low of $1.18 and a one year high of $20.10. The stock’s 50-day moving average is $1.36 and its two-hundred day moving average is $1.72.

Analyst Upgrades and Downgrades

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

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.