Taptica International (LON:TAP) Stock Price Down 12% – What’s Next?

Taptica International Ltd (LON:TAP) shares were down 12% during mid-day trading on Thursday . The company traded as low as GBX 1.10 and last traded at GBX 1.10. Approximately 871,386 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,458,440 shares. The stock had previously closed at GBX 1.25.

Taptica International Trading Down 12.0%

The firm has a market cap of £8.19 million and a PE ratio of -1.31. 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 company’s 50 day moving average price is GBX 1.28 and its 200 day moving average price is GBX 1.71.

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