AppTech Payments (NASDAQ:APCX) Stock Price Up 40.1% – Should You Buy?

AppTech Payments Corp. (NASDAQ:APCX)’s share price rose 40.1% on Monday . The stock traded as high as $0.85 and last traded at $0.84. Approximately 6,445,024 shares traded hands during mid-day trading, an increase of 534% from the average daily volume of 1,016,546 shares. The stock had previously closed at $0.60.

AppTech Payments Price Performance

The stock has a market cap of $23.11 million, a price-to-earnings ratio of -1.74 and a beta of 0.15. The company has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.76. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04.

Hedge Funds 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 AppTech Payments Corp. (NASDAQ:APCX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission. Institutional investors own 5.15% of the company’s stock.

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.