Applied Digital (OTCMKTS:APLD) Trading Down 9.5% – Here’s What Happened

Applied Digital Co. (OTCMKTS:APLDGet Free Report) shares were down 9.5% during mid-day trading on Tuesday . The stock traded as low as $34.05 and last traded at $33.8520. Approximately 7,151,903 shares changed hands during trading, a decline of 83% from the average daily volume of 41,627,797 shares. The stock had previously closed at $37.40.

Applied Digital Stock Performance

The stock has a market capitalization of $9.71 billion, a P/E ratio of -70.90 and a beta of 6.89. The stock has a 50 day simple moving average of $28.49 and a two-hundred day simple moving average of $23.37. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10.

About Applied Digital

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Applied Digital (OTCMKTS:APLD) is a developer and operator of digital infrastructure specializing in high-intensity computing applications. The company designs, builds and manages large-scale data center campuses and modular computing facilities that leverage advanced cooling technologies to optimize performance and energy efficiency. Its core offerings include turnkey deployment of server racks, immersion cooling systems and proprietary control software aimed at serving blockchain networks, artificial intelligence workloads and other compute-intensive clients.

In addition to its data center services, Applied Digital maintains in-house blockchain validation operations, most prominently focused on bitcoin mining.

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