AppTech Payments (NASDAQ:APCX) Shares Down 8.9% – What’s Next?

AppTech Payments Corp. (NASDAQ:APCX) was down 8.9% during mid-day trading on Monday . The stock traded as low as $0.39 and last traded at $0.39. Approximately 67,746 shares traded hands during trading, a decline of 94% from the average daily volume of 1,073,839 shares. The stock had previously closed at $0.43.

AppTech Payments Price Performance

The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.83 million, a P/E ratio of -0.82 and a beta of -0.10. The firm has a 50-day simple moving average of $0.44 and a 200-day simple moving average of $0.57.

Institutional Trading of AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC lifted its holdings in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,000 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned about 0.31% of AppTech Payments worth $44,000 as of its most recent SEC filing. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

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.