Taoping (NASDAQ:TAOP) Stock Price Down 3.6% – Time to Sell?

Taoping Inc. (NASDAQ:TAOP) dropped 3.6% on Tuesday . The company traded as low as $1.2841 and last traded at $1.35. Approximately 4,087 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 29,237 shares. The stock had previously closed at $1.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Taoping in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Taoping Stock Performance

The company has a current ratio of 2.38, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $1.94 and its two-hundred day simple moving average is $2.92.

Taoping (NASDAQ:TAOP) last issued its quarterly earnings results on Wednesday, October 1st. The company reported ($3.27) earnings per share (EPS) for the quarter. The company had revenue of $8.80 million during the quarter.

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.