Taoping Inc (NASDAQ:TAOP)’s share price shot up 9.5% during mid-day trading on Tuesday . The company traded as high as $0.50 and last traded at $0.46, 225,900 shares traded hands during trading. An increase of 304% from the average session volume of 55,966 shares. The stock had previously closed at $0.42.
Separately, ValuEngine raised shares of Taoping from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.
The stock’s 50 day moving average is $0.49 and its 200-day moving average is $0.60.
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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