Taptica International (LON:TAP) Shares Down 18% – What’s Next?

Shares of Taptica International Ltd (LON:TAP) dropped 18% on Wednesday . The company traded as low as GBX 1.30 and last traded at GBX 1.50. Approximately 17,325,387 shares changed hands during mid-day trading, an increase of 801% from the average daily volume of 1,922,344 shares. The stock had previously closed at GBX 1.83.

Taptica International Stock Performance

The stock has a 50 day moving average price of GBX 1.29 and a two-hundred day moving average price of GBX 1.67. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 10.20. The company has a market cap of £9.68 million and a price-to-earnings ratio of -1.55.

Taptica International (LON:TAP) last posted its quarterly earnings results on Tuesday, March 31st. The company reported GBX 0.07 earnings per share for the quarter. The company had revenue of GBX 167 million during the quarter.

Taptica International Company Profile

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.