AppTech Payments (NASDAQ:APCX) Trading 2.6% Higher – Still a Buy?

AppTech Payments Corp. (NASDAQ:APCX) shares were up 2.6% on Thursday . The company traded as high as $0.52 and last traded at $0.52. Approximately 232,855 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 138,951 shares. The stock had previously closed at $0.51.

AppTech Payments Stock Down 8.7 %

The stock’s 50 day simple moving average is $0.65 and its two-hundred day simple moving average is $0.83. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04.

Hedge Funds 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 shares of AppTech Payments Corp. (NASDAQ:APCX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 reporting period. Institutional investors and hedge funds 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.