Applied Digital (OTCMKTS:APLD) Shares Gap Up – Here’s What Happened

Shares of Applied Digital Co. (OTCMKTS:APLDGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $27.85, but opened at $29.16. Applied Digital shares last traded at $29.0770, with a volume of 4,135,638 shares.

Applied Digital Stock Performance

The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $7.90 billion, a PE ratio of -57.88 and a beta of 6.94. The company has a 50 day moving average price of $29.34 and a 200 day moving average price of $20.20.

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.

Further Reading

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