Taoping (TAOP) Expected to Announce Earnings on Thursday

Taoping (NASDAQ:TAOP) is anticipated to release its results before the market opens on Thursday, April 23rd. Analysts expect Taoping to post earnings of ($12.00) per share and revenue of $24.00 million for the quarter.

Taoping Stock Performance

Shares of TAOP opened at $1.26 on Thursday. The firm has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.85. Taoping has a 1-year low of $1.19 and a 1-year high of $20.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Taoping in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.