Shares of Applied Digital Co. (OTCMKTS:APLD – Get Free Report) shot up 9.2% during mid-day trading on Wednesday . The company traded as high as $28.90 and last traded at $28.55. 9,436,293 shares were traded during mid-day trading, a decline of 70% from the average session volume of 31,766,740 shares. The stock had previously closed at $26.15.
Applied Digital Stock Up 8.9%
The firm has a market capitalization of $7.96 billion, a P/E ratio of -58.10 and a beta of 7.25. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $27.81.
About Applied Digital
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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