Taptica International (LON:TAP) Share Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Taptica International Ltd (LON:TAP) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1.25 and traded as low as GBX 1.20. Taptica International shares last traded at GBX 1.29, with a volume of 819,850 shares.

Taptica International Stock Down 0.5%

The company has a market cap of £9.55 million and a PE ratio of -1.53. The business has a 50-day simple moving average of GBX 1.25 and a 200-day simple moving average of GBX 1.57. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 10.20.

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