AppTech Payments (NASDAQ:APCX) Stock Price Up 2.7% – What’s Next?

AppTech Payments Corp. (NASDAQ:APCX)’s share price rose 2.7% during trading on Friday . The stock traded as high as $0.75 and last traded at $0.75. Approximately 45,272 shares were traded during trading, a decline of 67% from the average daily volume of 137,615 shares. The stock had previously closed at $0.73.

AppTech Payments Stock Performance

The company’s 50-day simple moving average is $0.76 and its 200 day simple moving average is $0.88. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.52 million, a P/E ratio of -0.81 and a beta of 0.65.

AppTech Payments (NASDAQ:APCX) last posted its earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. AppTech Payments had a negative return on equity of 451.88% and a negative net margin of 2,648.70%. The firm had revenue of $0.08 million for the quarter.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently bought a new stake in AppTech Payments stock. Concurrent Investment Advisors LLC purchased a new position in shares of AppTech Payments Corp. (NASDAQ:APCX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 52,002 shares of the company’s stock, valued at approximately $49,000. Concurrent Investment Advisors LLC owned about 0.21% of AppTech Payments as of its most recent SEC filing. Institutional investors own 5.15% of the company’s stock.

About AppTech Payments

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.