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

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

Taptica International Price Performance

The stock’s fifty day moving average is GBX 1.52 and its 200-day moving average is GBX 1.93. The company has a debt-to-equity ratio of 10.20, a current ratio of 2.06 and a quick ratio of 2.03. The stock has a market capitalization of £10.42 million and a P/E ratio of -1.82.

Taptica International (LON:TAP) last released its quarterly 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.