AppTech Payments (NASDAQ:APCX) Trading Up 2.6% – Here’s What Happened

AppTech Payments Corp. (NASDAQ:APCX)’s stock price traded up 2.6% on Thursday . The company traded as high as $0.52 and last traded at $0.52. 232,855 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 138,951 shares. The stock had previously closed at $0.51.

AppTech Payments Trading Up 2.6 %

The business’s 50-day moving average price is $0.65 and its two-hundred day moving average price is $0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $14.38 million, a price-to-earnings ratio of -1.08 and a beta of 0.68.

Hedge Funds Weigh In On AppTech Payments

An institutional investor recently bought a new position in AppTech Payments stock. Moss Adams Wealth Advisors LLC bought a new stake in AppTech Payments Corp. (NASDAQ:APCX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,000 shares of the company’s stock, valued at approximately $38,000. Moss Adams Wealth Advisors LLC owned 0.16% of AppTech Payments as of its most recent filing with the Securities & Exchange Commission. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

AppTech Payments Company Profile

AppTech Payments Corp., a financial technology company, provides electronic payment processing technologies and merchant services in the United States. Its merchant transaction services offer processing payments for credit and debit cards through point-of-sale equipment, e-commerce gateways, periodic automatic clearing house payments, and gift and loyalty programs.