Taptica International (LON:TAP) Stock Price Down 6.4% – Here’s What Happened

Taptica International Ltd (LON:TAP) dropped 6.4% during trading on Friday . The company traded as low as GBX 2.20 and last traded at GBX 2.20. Approximately 169,897 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,234,116 shares. The stock had previously closed at GBX 2.35.

Taptica International Stock 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 firm has a market cap of £15.24 million and a PE ratio of -78.24. The business’s fifty day moving average price is GBX 2.22.

Insider Buying and Selling

In related news, insider Manuel De Luque Muntaner purchased 600,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was bought at an average cost of GBX 3 per share, with a total value of £18,000.

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.