Applied DNA Sciences (NASDAQ:APDN) announced its quarterly earnings data on Tuesday. The technology company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02, Morningstar.com reports. Applied DNA Sciences had a negative return on equity of 1,286.88% and a negative net margin of 317.32%. The firm had revenue of $2.05 million during the quarter.
Shares of APDN traded down $0.03 during midday trading on Wednesday, reaching $0.28. 300 shares of the stock were exchanged, compared to its average volume of 515,360. Applied DNA Sciences has a 12-month low of $0.25 and a 12-month high of $1.84. The business has a 50 day simple moving average of $0.39. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.24 and a quick ratio of 1.10.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Investment Advisors LLC bought a new position in shares of Applied DNA Sciences in the 2nd quarter valued at approximately $27,000. Wells Fargo & Company MN bought a new position in shares of Applied DNA Sciences in the 2nd quarter valued at approximately $54,000. Laurel Wealth Advisors Inc. bought a new position in shares of Applied DNA Sciences in the 1st quarter valued at approximately $71,000. Finally, Creative Planning raised its stake in shares of Applied DNA Sciences by 194.6% in the 1st quarter. Creative Planning now owns 166,475 shares of the technology company’s stock valued at $119,000 after acquiring an additional 109,966 shares in the last quarter. 6.24% of the stock is owned by institutional investors.
About Applied DNA Sciences
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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