Applied Digital Co. (OTCMKTS:APLD – Get Free Report) shares dropped 10.6% during trading on Friday . The stock traded as low as $19.21 and last traded at $19.1030. Approximately 9,535,165 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 35,740,777 shares. The stock had previously closed at $21.37.
Applied Digital Stock Down 4.4%
The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $5.81 billion, a P/E ratio of -42.16 and a beta of 6.77. The stock has a fifty day moving average price of $28.04 and a two-hundred day moving average price of $17.08.
About Applied Digital
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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