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

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

Taptica International Trading Up 3.5%

The stock has a market cap of £8.47 million and a price-to-earnings ratio of -1.36. The firm’s 50 day moving average is GBX 1.26 and its two-hundred day moving average is GBX 1.33. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 10.20.

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.