Taptica International (LON:TAP) Stock Price Down 4.3% – Here’s Why

Taptica International Ltd (LON:TAP)’s stock price was down 4.3% during mid-day trading on Tuesday . The stock traded as low as GBX 1 and last traded at GBX 1.15. 2,667,895 shares traded hands during trading, an increase of 77% from the average daily volume of 1,508,940 shares. The stock had previously closed at GBX 1.20.

Taptica International Stock Performance

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 business has a 50-day simple moving average of GBX 1.27 and a 200 day simple moving average of GBX 1.34. The firm has a market cap of £8.55 million and a PE ratio of -1.37.

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.