Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.81 and traded as low as $0.44. Origin Materials shares last traded at $0.44, with a volume of 565,265 shares.
Origin Materials Stock Down 2.6%
The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.44 and a current ratio of 9.51. The firm has a market capitalization of $64.67 million, a P/E ratio of -0.64 and a beta of 0.81. The stock has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.80.
Origin Materials (NASDAQ:ORGN - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $5.43 million during the quarter, compared to analyst estimates of $29.10 million. Origin Materials had a negative return on equity of 27.44% and a negative net margin of 321.96%. Research analysts forecast that Origin Materials, Inc. will post -0.6 EPS for the current year.
Institutional Investors Weigh In On Origin Materials
Several institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new position in Origin Materials in the fourth quarter valued at approximately $34,000. StoneX Group Inc. bought a new stake in shares of Origin Materials in the 4th quarter worth approximately $35,000. Barclays PLC boosted its position in Origin Materials by 3,019,800.0% during the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 30,198 shares during the period. Virtu Financial LLC boosted its position in Origin Materials by 66.9% during the 1st quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 36,097 shares during the period. Finally, Two Sigma Advisers LP bought a new position in Origin Materials during the 4th quarter worth $85,000. Institutional investors and hedge funds own 29.91% of the company's stock.
About Origin Materials
(
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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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