Taptica International (LON:TAP) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Taptica International Ltd (LON:TAP)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 2.24 and traded as low as GBX 1.90. Taptica International shares last traded at GBX 1.97, with a volume of 1,001,679 shares traded.

Taptica International Trading Down 1.5%

The stock has a market cap of £14.65 million and a PE ratio of -75.19. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 10.20. The stock’s 50 day moving average is GBX 2.24.

Insider Transactions at Taptica International

In related news, insider Manuel De Luque Muntaner bought 600,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were purchased 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.