Applied DNA Sciences (NASDAQ:APDN) Sees Strong Trading Volume

Applied DNA Sciences Inc (NASDAQ:APDN) shares saw unusually-strong trading volume on Tuesday . Approximately 1,825,400 shares were traded during mid-day trading, an increase of 273% from the previous session’s volume of 489,034 shares.The stock last traded at $0.41 and had previously closed at $0.34.

Separately, Maxim Group reiterated a “hold” rating on shares of Applied DNA Sciences in a research report on Wednesday, June 12th.

The business’s 50 day moving average is $0.30 and its 200-day moving average is $0.51. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.81 and a quick ratio of 0.66.

Applied DNA Sciences (NASDAQ:APDN) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $2.05 million for the quarter. Applied DNA Sciences had a negative net margin of 221.66% and a negative return on equity of 1,284.19%.

In other news, major shareholder William W. Montgomery acquired 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $0.27 per share, with a total value of $108,000.00. Following the completion of the purchase, the insider now directly owns 5,630,900 shares of the company’s stock, valued at approximately $1,520,343. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.46% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new position in Applied DNA Sciences in the second quarter valued at approximately $54,000. Capital Investment Advisors LLC bought a new stake in shares of Applied DNA Sciences during the second quarter worth $27,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in shares of Applied DNA Sciences during the first quarter worth $71,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Applied DNA Sciences Company Profile (NASDAQ:APDN)

Applied DNA Sciences, Inc develops and markets plat based or other DNA technology solution in the United States, Europe, and Asia. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.

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