Taoping’s (TAOP) Hold Rating Reaffirmed at Zacks Investment Research

Taoping (NASDAQ:TAOP)‘s stock had its “hold” rating reaffirmed by Zacks Investment Research in a report released on Saturday, Zacks.com reports.

According to Zacks, “Taoping Inc. is a cloud-based ad terminal and service provider of a digital advertising distribution network and new media resource sharing platform in the out-of-home advertising market primarily of China. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on the ad display terminals. Taoping Inc., formerly known as China Information Technology Inc., is based in Futian D Shenzhen City, China. “

Separately, ValuEngine downgraded shares of Taoping from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

TAOP stock traded up $0.01 during trading on Friday, hitting $0.73. The stock had a trading volume of 6,210 shares, compared to its average volume of 103,043. The company has a 50 day moving average price of $0.82. Taoping has a 1-year low of $0.64 and a 1-year high of $1.70. The company has a market capitalization of $30.06 million, a PE ratio of 18.18 and a beta of 1.31.

An institutional investor recently raised its position in Taoping stock. Two Sigma Securities LLC raised its holdings in Taoping Inc (NASDAQ:TAOP) by 128.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,965 shares of the company’s stock after buying an additional 14,577 shares during the quarter. Two Sigma Securities LLC owned approximately 0.06% of Taoping worth $31,000 at the end of the most recent quarter. 0.50% of the stock is currently owned by institutional investors.

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 primarily in the People's Republic of China. The company operates in two segments, Cloud-based Technology and Traditional Information Technology.

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