Taptica International (LON:TAP) Trading Down 6.5% – Here’s Why

Shares of Taptica International Ltd (LON:TAP) traded down 6.5% on Friday . The company traded as low as GBX 1 and last traded at GBX 1.07. Approximately 1,810,901 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 1,419,744 shares. The stock had previously closed at GBX 1.15.

Taptica International Stock Performance

The company has a market cap of £8.00 million and a price-to-earnings ratio of -1.28. The firm’s 50 day simple moving average is GBX 1.22 and its 200-day simple moving average is GBX 1.27. The company has a debt-to-equity ratio of 10.20, a quick ratio of 2.03 and a current ratio of 2.06.

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.