Litchfield Hills Research Reiterates Buy Rating for Taoping (NASDAQ:TAOP)

Taoping (NASDAQ:TAOPGet Rating)‘s stock had its “buy” rating reaffirmed by equities researchers at Litchfield Hills Research in a research note issued on Friday, Zacks.com reports.

Shares of Taoping stock opened at $1.33 on Friday. The company’s fifty day simple moving average is $1.42. Taoping has a 52 week low of $1.14 and a 52 week high of $6.93.

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of Taoping by 466.4% during the 4th quarter. Renaissance Technologies LLC now owns 60,600 shares of the company’s stock valued at $115,000 after acquiring an additional 49,900 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Taoping by 53.8% during the 4th quarter. Geode Capital Management LLC now owns 26,336 shares of the company’s stock valued at $49,000 after acquiring an additional 9,216 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Taoping during the 4th quarter valued at $37,000. Finally, Morgan Stanley bought a new stake in shares of Taoping in the 2nd quarter valued at $32,000. Institutional investors own 0.78% of the company’s stock.

Taoping Company Profile (Get Rating)

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. The company operates in two segments, Cloud-Based Technology and Traditional Information Technology.

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