AppTech Payments (NASDAQ:APCX) Trading Up 2.7% – Here’s Why

AppTech Payments Corp. (NASDAQ:APCX) shot up 2.7% during mid-day trading on Friday . The stock traded as high as $0.75 and last traded at $0.75. 45,272 shares were traded during trading, a decline of 67% from the average session volume of 137,615 shares. The stock had previously closed at $0.73.

AppTech Payments Trading Up 2.7 %

The firm has a market capitalization of $18.52 million, a price-to-earnings ratio of -0.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.07 and a current ratio of 0.07. The business has a fifty day moving average price of $0.76 and a 200 day moving average price of $0.88.

AppTech Payments (NASDAQ:APCX) last announced its quarterly 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

An institutional investor recently bought a new position in AppTech Payments stock. Concurrent Investment Advisors LLC purchased a new stake in AppTech Payments Corp. (NASDAQ:APCX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,002 shares of the company’s stock, valued at approximately $49,000. Concurrent Investment Advisors LLC owned approximately 0.21% of AppTech Payments at the end of the most recent quarter. 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.