Taptica International (LON:TAP) Trading Down 11.7% – Here’s Why

Taptica International Ltd (LON:TAP)’s stock price was down 11.7% during trading on Monday . The stock traded as low as GBX 1.10 and last traded at GBX 1.15. Approximately 2,189,966 shares were traded during trading, an increase of 45% from the average session volume of 1,512,908 shares. The stock had previously closed at GBX 1.30.

Taptica International Stock Performance

The company has a market capitalization of £8.55 million and a price-to-earnings ratio of -1.37. The stock’s 50 day moving average price is GBX 1.29 and its 200 day moving average price is GBX 1.37. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 10.20.

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.