AppTech Payments (NASDAQ:APCX) Trading Down 8.9% – Here’s What Happened

AppTech Payments Corp. (NASDAQ:APCX)’s stock price traded down 8.9% during trading on Monday . The company traded as low as $0.39 and last traded at $0.39. Approximately 67,746 shares traded hands during mid-day 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 50 day moving average of $0.44 and a 200 day moving average of $0.57. The stock has a market capitalization of $10.52 million, a price-to-earnings ratio of -0.79 and a beta of -0.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC boosted its stake in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Moss Adams Wealth Advisors LLC owned approximately 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. Hedge funds and other 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.