Taptica International (LON:TAP) Shares Down 18% – What’s Next?

Taptica International Ltd (LON:TAP) shares dropped 18% during trading on Wednesday . The stock traded as low as GBX 1.30 and last traded at GBX 1.50. Approximately 17,325,387 shares traded hands during trading, an increase of 801% from the average daily volume of 1,922,344 shares. The stock had previously closed at GBX 1.83.

Taptica International Price Performance

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 1.29 and its 200 day moving average price is GBX 1.67. The firm has a market capitalization of £9.68 million and a P/E ratio of -1.55.

Taptica International (LON:TAP) last released its quarterly earnings results on Tuesday, March 31st. The company reported GBX 0.07 EPS for the quarter. The company had revenue of GBX 167 million 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.