Taoping (NASDAQ:TAOP) Shares Down 3% – Should You Sell?

Taoping Inc. (NASDAQ:TAOP)’s share price was down 3% during trading on Friday . The company traded as low as $1.2780 and last traded at $1.3777. Approximately 3,779 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 7,620 shares. The stock had previously closed at $1.42.

Wall Street Analyst Weigh In

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

Taoping Price 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 business has a fifty day simple moving average of $1.34 and a 200 day simple moving average of $1.60.

Taoping (NASDAQ:TAOP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($12.00) by $11.33. The company had revenue of $5.66 million for the quarter, compared to the consensus estimate of $24.00 million.

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.