AppTech Payments (NASDAQ:APCX) Trading Down 8.9% – Should You Sell?

Shares of AppTech Payments Corp. (NASDAQ:APCX) dropped 8.9% on Monday . The company traded as low as $0.39 and last traded at $0.39. Approximately 67,746 shares changed hands during 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 Trading Down 3.8 %

The firm’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.57. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.52 million, a PE ratio of -0.79 and a beta of -0.10.

Institutional Trading of AppTech Payments

An institutional investor recently raised its position in AppTech Payments stock. Moss Adams Wealth Advisors LLC increased its stake in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned about 0.31% of AppTech Payments worth $44,000 as of its most recent filing with the SEC. 5.15% of the stock is 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.