Applied Digital (OTCMKTS:APLD) Shares Down 5.5% – Here’s What Happened

Applied Digital Co. (OTCMKTS:APLD) fell 5.5% during mid-day trading on Friday . The company traded as low as $24.06 and last traded at $24.30. 4,059,172 shares changed hands during trading, a decline of 88% from the average session volume of 34,784,953 shares. The stock had previously closed at $25.72.

Applied Digital Stock Performance

The stock has a market cap of $6.72 billion, a P/E ratio of -49.08 and a beta of 6.94. 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 stock’s 50 day simple moving average is $28.37 and its two-hundred day simple moving average is $20.60.

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.