Appulse (CVE:APL) Trading Down 26.7% – Here’s Why

Appulse Co. (CVE:APLGet Free Report) shares were down 26.7% during mid-day trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 11,009 shares changed hands during trading, a decline of 72% from the average daily volume of 39,972 shares. The stock had previously closed at C$0.30.

Appulse Stock Performance

The company has a 50-day moving average of C$0.28 and a 200-day moving average of C$0.24. The stock has a market capitalization of C$3.25 million, a price-to-earnings ratio of -22.00 and a beta of -1.01.

Appulse Company Profile

(Get Free Report)

Appulse Corporation, through its subsidiaries, sells new and refurbished centrifuge machines and parts in Canada, the United States, and internationally. The company is also involved in the rental of centrifuge equipment; and provision of maintenance services, consulting, and design advisory services to industries, as well as machining services for equipment repairs. In addition, it offers value-added services; and manufactures parts using machining and milling equipment. The company provides its products and services for food and beverage processing, and environmental applications, as well as serves the oil and gas, refinery, marine processing, and pharmaceutical industries.

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