Origin Materials (NASDAQ:ORGN) Releases Quarterly Earnings Results

Key Points

• Origin Materials reported a quarterly loss of ($0.09) earnings per share (EPS), with a negative return on equity of 27.44% and a negative net margin of 321.96%.
• The stock price fell to $0.84 during midday trading with a current market cap of $125.76 million, and it has experienced a low of $0.40 and a high of $1.90 over the past year.
• Geode Capital Management recently increased its stake in Origin Materials by 13.0%, now holding approximately 1.14% of the company’s shares, amidst a backdrop where institutional investors own nearly 30% of the stock.

Origin Materials (NASDAQ:ORGN - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. Origin Materials had a negative return on equity of 27.44% and a negative net margin of 321.96%.

Origin Materials Price Performance

ORGN stock traded down $0.07 during midday trading on Thursday, hitting $0.84. 1,340,270 shares of the stock were exchanged, compared to its average volume of 1,268,357. The stock has a market cap of $125.76 million, a price-to-earnings ratio of -1.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.44 and a current ratio of 9.51. Origin Materials has a fifty-two week low of $0.40 and a fifty-two week high of $1.90. The stock's 50-day moving average price is $0.61 and its 200-day moving average price is $0.68.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Origin Materials to a "strong sell" rating in a research note on Saturday, July 5th.

Institutional Investors Weigh In On Origin Materials

An institutional investor recently raised its position in Origin Materials stock. Geode Capital Management LLC boosted its holdings in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,705,663 shares of the financial services provider's stock after acquiring an additional 196,050 shares during the period. Geode Capital Management LLC owned about 1.14% of Origin Materials worth $824,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.91% of the company's stock.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.

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