Applied Digital (OTCMKTS:APLD) Stock Price Down 6.1% - Here's What Happened

Key Points

• Applied Digital (OTCMKTS:APLD) experienced a significant 6.1% decline in its stock price, closing at $15.34 after hitting a low of $14.98 during trading.
• The company reported a debt-to-equity ratio of 1.10 and a current ratio of 0.40, indicating potential liquidity concerns.
• Applied Digital specializes in developing and operating datacenters that provide digital infrastructure solutions for high-performance computing and artificial intelligence services.

Applied Digital Co. (OTCMKTS:APLD - )'s stock price fell 6.1% during trading on Tuesday . The company traded as low as $14.98 and last traded at $15.34. 29,011,864 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 38,079,324 shares. The stock had previously closed at $16.34.

Applied Digital Trading Down 6.1%

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 stock's fifty day moving average is $11.58 and its 200 day moving average is $8.55. The stock has a market cap of $4.01 billion, a P/E ratio of -31.31 and a beta of 6.17.

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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