Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.76 and traded as low as $0.55. Origin Materials shares last traded at $0.59, with a volume of 856,769 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Origin Materials to a "strong sell" rating in a report on Saturday.
Check Out Our Latest Analysis on ORGN
Origin Materials Stock Performance
The company has a current ratio of 9.51, a quick ratio of 9.44 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $0.53 and its 200 day moving average is $0.75. The stock has a market capitalization of $90.76 million, a PE ratio of -0.90 and a beta of 0.84.
Origin Materials (NASDAQ:ORGN - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.10). Origin Materials had a negative return on equity of 27.44% and a negative net margin of 321.96%. The firm had revenue of $5.43 million for the quarter, compared to analysts' expectations of $29.10 million. On average, equities research analysts predict that Origin Materials, Inc. will post -0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Origin Materials
A number of large investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC boosted its stake in shares of Origin Materials by 21.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock worth $115,000 after purchasing an additional 16,050 shares during the period. Two Sigma Investments LP boosted its stake in shares of Origin Materials by 8.7% during the 4th quarter. Two Sigma Investments LP now owns 317,844 shares of the financial services provider's stock worth $407,000 after purchasing an additional 25,412 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Origin Materials during the 4th quarter worth about $34,000. StoneX Group Inc. purchased a new stake in Origin Materials in the 4th quarter valued at about $35,000. Finally, Barclays PLC boosted its position in Origin Materials by 3,019,800.0% in the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock valued at $39,000 after buying an additional 30,198 shares during the period. 29.91% of the stock is owned by hedge funds and other institutional investors.
Origin Materials Company Profile
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Get Free Report)
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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