Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.45 and traded as low as $0.59. Origin Materials shares last traded at $0.59, with a volume of 552,557 shares.
Origin Materials Stock Down 4.7 %
The business's 50 day moving average is $0.75 and its 200-day moving average is $1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.50 and a quick ratio of 12.45. The company has a market cap of $85.13 million, a PE ratio of 1.69 and a beta of 1.19.
Origin Materials (NASDAQ:ORGN - Get Free Report) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $7.14 million for the quarter, compared to analysts' expectations of $18.40 million.
Insider Transactions at Origin Materials
In related news, CEO John Bissell sold 40,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $0.78, for a total value of $31,200.00. Following the sale, the chief executive officer now directly owns 1,173,828 shares of the company's stock, valued at approximately $915,585.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 79,400 shares of company stock valued at $64,823 in the last ninety days. 17.49% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ORGN. Advisor Group Holdings Inc. lifted its stake in Origin Materials by 11.1% during the first quarter. Advisor Group Holdings Inc. now owns 16,400 shares of the financial services provider's stock worth $108,000 after purchasing an additional 1,638 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Origin Materials by 3,005.3% in the first quarter. JPMorgan Chase & Co. now owns 17,638 shares of the financial services provider's stock valued at $116,000 after buying an additional 17,070 shares during the last quarter. Raymond James & Associates bought a new stake in Origin Materials in the first quarter valued at $68,000. Citigroup Inc. lifted its stake in Origin Materials by 183.1% in the first quarter. Citigroup Inc. now owns 422,883 shares of the financial services provider's stock valued at $2,783,000 after buying an additional 273,489 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Origin Materials by 46.3% in the first quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider's stock valued at $39,690,000 after buying an additional 1,909,567 shares during the last quarter. 28.37% of the stock is currently owned by hedge funds and other institutional investors.
Origin Materials Company Profile
(
Get Free Report)
Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops proprietary platform technology to convert biomass or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other product intermediates.
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