Applied DNA Sciences (NASDAQ:APDN) Shares Down 26.4%
Applied DNA Sciences Inc (NASDAQ:APDN)’s stock price was down 26.4% on Thursday . The stock traded as low as $0.32 and last traded at $0.35, approximately 2,895,017 shares traded hands during trading. An increase of 482% from the average daily volume of 497,577 shares. The stock had previously closed at $0.47.
Separately, Maxim Group set a $3.00 price objective on shares of Biopharmx and gave the company a “buy” rating in a research report on Wednesday, June 12th.
The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.24. The stock’s 50 day moving average price is $0.55.
Hedge funds have recently bought and sold shares of the business. Capital Investment Advisors LLC purchased a new stake in Applied DNA Sciences during the second quarter valued at about $27,000. Laurel Wealth Advisors Inc. purchased a new stake in Applied DNA Sciences during the first quarter valued at about $71,000. Finally, Creative Planning lifted its stake in Applied DNA Sciences by 194.6% during the first quarter. Creative Planning now owns 166,475 shares of the technology company’s stock valued at $119,000 after buying an additional 109,966 shares in the last quarter. 5.80% of the stock is owned by institutional investors.
About Applied DNA Sciences (NASDAQ:APDN)
Applied DNA Sciences, Inc develops and markets plat based or other DNA technology solution in the United States, Europe, and Asia. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.
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