Shares of Applied Digital Co. (OTCMKTS:APLD – Get Free Report) traded up 5.5% during mid-day trading on Friday . The stock traded as high as $36.38 and last traded at $36.6540. 12,742,253 shares were traded during mid-day trading, a decline of 69% from the average session volume of 40,595,773 shares. The stock had previously closed at $34.74.
Applied Digital Price Performance
The company has a market capitalization of $10.82 billion, a PE ratio of -79.09 and a beta of 6.89. 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 $28.49 and its 200-day simple moving average is $23.37.
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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