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

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

AppTech Payments Stock Performance

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

Institutional Inflows and Outflows

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) in the 2nd quarter, according to its most recent 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 0.21% of AppTech Payments at the end of the most recent reporting period. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

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.