The growth in the payments space has been exponential in recent years and one of the companies that could be worth tracking at this point is that of the AppTech Payments Corp (OTCMKTS:APCX). It is a financial technology company that is involved in creating e-commerce experiences.
Trading Data
On Tuesday, APCX stock ended flat at $1 with 46k shares, compared to its average volume of 7.8k shares. The stock has moved within a range of $0.7700 – 1.0500 after opening trade at $1.05.
AppTech Payments Corp. Welcomes Software Veteran, Aram Aghapour
While AppTech Payments is an innovative company in its own right, its stock has performed poorly in the past week and has recorded declines of as much as 20% during the period. Yesterday, the company was in the news once again and announced that Aram A. Aghapour had been inducted into the senior leadership at AppTech Payments.
Aghapour has been appointed as the new Senior Vice President of Research, Development and Infrastructure Operations at the company. It goes without saying that it was a key appointment from the company and one that could have a considerable influence in the future of the company.
Aghapour moved to AppTech Payments from application security firm Microfocus Fortify. In that job, Aghapour had been involved in maintaining and building the DevSecOps of some of the world’s best known financial companies. Despite the poor performance of the stock, AppTech is a company that could be followed by investors.
Key Quote
AppTech President, Virgil Llapitan commented, “Aram brings a proven track record of developing highly successful teams. His extensive background in application security and building FinTech solutions will ensure the success of AppTech as we launch our embedded digital platform.”
Technical Data
APCX stock is trading below the 20-Day and 50-Day Moving averages of $1.42 and $1.34 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.66. The stock is down 43% in the past month.
