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Applied Digital (OTCMKTS:APLD) Shares Down 6.1% - Here's Why

Applied Digital logo with Financial Services background

Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s stock price fell 6.1% during mid-day trading on Monday . The company traded as low as $9.61 and last traded at $9.70. 18,707,471 shares changed hands during trading, a decline of 26% from the average session volume of 25,283,491 shares. The stock had previously closed at $10.33.

Applied Digital Stock Performance

The company has a market cap of $2.20 billion, a PE ratio of -20.15 and a beta of 6.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average of $7.38 and a 200 day moving average of $7.64.

Applied Digital Company Profile

(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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