Taptica International (LON:TAP) Stock Price Down 18% – Here’s Why

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

Taptica International Trading Down 5.0%

The firm has a market cap of £9.90 million and a P/E ratio of -1.59. The company has a 50 day moving average of GBX 1.30 and a 200 day moving average of GBX 1.65. The company has a debt-to-equity ratio of 10.20, a quick ratio of 2.03 and a current ratio of 2.06.

Taptica International (LON:TAP) last announced its quarterly earnings results on Tuesday, March 31st. The company reported GBX 0.07 EPS for the quarter. The firm 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.