Taptica International (LON:TAP) Trading Down 2.7% – Here’s Why

Taptica International Ltd (LON:TAP)’s stock price dropped 2.7% on Wednesday . The company traded as low as GBX 1.70 and last traded at GBX 1.80. Approximately 7,705,551 shares traded hands during trading, an increase of 337% from the average daily volume of 1,763,886 shares. The stock had previously closed at GBX 1.85.

Taptica International Stock Down 13.8%

The company has a debt-to-equity ratio of 10.20, a current ratio of 2.06 and a quick ratio of 2.03. The stock’s fifty day simple moving average is GBX 1.99 and its 200-day simple moving average is GBX 1.82. The stock has a market cap of £11.88 million and a P/E ratio of -2.07.

Taptica International (LON:TAP) last posted its earnings results on Friday, January 2nd. The company reported GBX 0.01 EPS for the quarter.

About Taptica International

Tap Global Group Plc bridges the gap between traditional finance and blockchain technology. It offers over 390,000 individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 50 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.

Tap Group’s European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe.