Taomee Holdings (TAOM) Announces Quarterly Results
Taomee Holdings (NASDAQ:TAOM) released its earnings data on Tuesday. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03, Stock Ratings News reports. The company had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.28 million.
Taomee Holdings (NASDAQ:TAOM) opened at 4.95 on Tuesday. Taomee Holdings has a 1-year low of $3.69 and a 1-year high of $8.90. The stock has a 50-day moving average of $5.54 and a 200-day moving average of $5.88. The company has a market cap of $182.1 million and a P/E ratio of 33.90.
TAOM has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Taomee Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $6.00 price target on the stock. On a related note, analysts at TheStreet upgraded shares of Taomee Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd.
Taomee Holdings Limited is a children’s entertainment and media company in the People’s Repubic of China.
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