Applied DNA Sciences (NASDAQ:APDN) announced its quarterly earnings results on Tuesday. The technology company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.05 million for the quarter.
Shares of Applied DNA Sciences stock traded down $0.05 during trading hours on Wednesday, hitting $0.27. The company’s stock had a trading volume of 200 shares, compared to its average volume of 515,360. Applied DNA Sciences has a twelve month low of $0.25 and a twelve month high of $1.84. The company’s fifty day simple moving average is $0.39. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 2.82.
Separately, Maxim Group reaffirmed a “hold” rating on shares of Applied DNA Sciences in a research note on Wednesday, June 12th.
Several institutional investors have recently made changes to their positions in the company. Capital Investment Advisors LLC acquired a new position in shares of Applied DNA Sciences in the 2nd quarter valued at $27,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Applied DNA Sciences in the 1st quarter valued at $71,000. Wells Fargo & Company MN acquired a new position in shares of Applied DNA Sciences in the 2nd quarter valued at $54,000. Finally, Creative Planning lifted 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 and hedge funds.
Applied DNA Sciences Company Profile
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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