The iSignthis Ltd (ASX: ISX) share price fell 14% yesterday.
iSignthis is listed on the ASX and Frankfurt Stock Exchange. It provides remote identity verification and payment authentication combined with e-money, transactional banking, IBAN issue and payment processing capability. Its products and businesses are iSignthis Paydentity, ISXPay, UAB Baltic Banking Service and Probanx Information Systems.
iSignthis Share Price Drops 14%
The iSignthis share price fell 14% on Wednesday, marking a very volatile week for the fintech company.
A few days ago the business announced a solid operational update, its annualised monthly gross processing turnover volume (GPTV) has exceeded $1.1 billion, which was 160% higher than what it was at 30 June 2019.
Business customers at the end of August 2019 were up 28% to 270, up from 210 at 30 June 2019.
By Tuesday afternoon the iSignthis share price was up 29%. And since the start of the year the share price is up 840%. But it seems like some shareholders wanted to take some profits off the table with how well the share price has done – since the Tuesday afternoon high it’s down 19%.
Despite the fall, I’d much rather buy the growth shares in the free report below which are probably better value.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.