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Applied Digital (OTCMKTS:APLD) Shares Gap Up - Here's What Happened

Applied Digital logo with Financial Services background

Applied Digital Co. (OTCMKTS:APLD - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $10.91, but opened at $11.55. Applied Digital shares last traded at $12.13, with a volume of 2,075,070 shares.

Applied Digital Trading Up 9.3%

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 $2.69 billion, a PE ratio of -24.35 and a beta of 6.04. The stock's 50-day simple moving average is $9.55 and its 200-day simple moving average is $7.83.

About Applied Digital

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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.

Further Reading

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