Applied Digital (OTCMKTS:APLD) Shares Gap Down – Time to Sell?

Applied Digital Co. (OTCMKTS:APLDGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $27.78, but opened at $26.94. Applied Digital shares last traded at $26.8320, with a volume of 500,771 shares trading hands.

Applied Digital Trading Down 5.2%

The business’s 50-day moving average price is $29.21 and its 200-day moving average price is $20.31. The firm has a market capitalization of $7.35 billion, a PE ratio of -53.79 and a beta of 6.94. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40.

Applied Digital Company Profile

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Applied Digital (OTCMKTS:APLD) is a developer and operator of digital infrastructure specializing in high-intensity computing applications. The company designs, builds and manages large-scale data center campuses and modular computing facilities that leverage advanced cooling technologies to optimize performance and energy efficiency. Its core offerings include turnkey deployment of server racks, immersion cooling systems and proprietary control software aimed at serving blockchain networks, artificial intelligence workloads and other compute-intensive clients.

In addition to its data center services, Applied Digital maintains in-house blockchain validation operations, most prominently focused on bitcoin mining.

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