Applied Digital (OTCMKTS:APLD) Shares Down 8.8% – Here’s What Happened

Applied Digital Co. (OTCMKTS:APLDGet Free Report) shares traded down 8.8% during mid-day trading on Friday . The stock traded as low as $33.06 and last traded at $33.43. 22,722,176 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 36,721,125 shares. The stock had previously closed at $36.64.

Applied Digital Price Performance

The firm has a 50 day simple moving average of $21.05 and a 200-day simple moving average of $12.87. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10. The company has a market cap of $9.58 billion, a PE ratio of -69.88 and a beta of 6.77.

About Applied Digital

(Get Free Report)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

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