Taptica International (LON:TAP) Trading Down 12.7% – Here’s What Happened

Taptica International Ltd (LON:TAP) shares traded down 12.7% during trading on Wednesday . The stock traded as low as GBX 1.30 and last traded at GBX 1.31. 795,559 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,321,227 shares. The stock had previously closed at GBX 1.50.

Taptica International Stock Performance

The company has a market cap of £14.15 million and a price-to-earnings ratio of -2.47. 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 stock’s 50 day moving average price is GBX 1.51 and its 200 day moving average price is GBX 1.92.

Taptica International (LON:TAP) last released its earnings results on Friday, January 2nd. The company reported GBX 0.01 earnings per share (EPS) for 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.