Applied DNA Sciences (NASDAQ:APDN) Trading 10.3% Higher

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Applied DNA Sciences Inc (NASDAQ:APDN)’s stock price traded up 10.3% during trading on Tuesday . The company traded as high as $0.32 and last traded at $0.32, 459,974 shares were traded during trading. A decline of 11% from the average session volume of 515,360 shares. The stock had previously closed at $0.29.

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

The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.24. The firm’s 50 day moving average price is $0.39.

Several hedge funds and other institutional investors have recently modified their holdings of APDN. Capital Investment Advisors LLC bought a new position in shares of Applied DNA Sciences in the 2nd quarter valued at about $27,000. Wells Fargo & Company MN bought a new position in shares of Applied DNA Sciences in the 2nd quarter valued at about $54,000. Laurel Wealth Advisors Inc. bought a new position in shares of Applied DNA Sciences in the 1st quarter valued at about $71,000. Finally, Creative Planning boosted 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 purchasing an additional 109,966 shares during the last quarter. 6.24% of the stock is currently owned by institutional investors.

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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