AppTech Payments (NASDAQ:APCX) Stock Price Up 40.1% – Here’s Why

AppTech Payments Corp. (NASDAQ:APCX)’s share price rose 40.1% during trading on Monday . The company 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 Stock Performance

The company has a fifty day moving average price of $0.58 and a 200 day moving average price of $0.76. 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 stock has a market cap of $23.36 million, a P/E ratio of -1.76 and a beta of 0.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AppTech Payments stock. Concurrent Investment Advisors LLC purchased a new stake in AppTech Payments Corp. (NASDAQ:APCX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 5.15% of the stock is currently owned by 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.