Origin Materials (NASDAQ:ORGN) Stock Passes Below 200-Day Moving Average - Here's What Happened

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 $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 Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 9.51 and a quick ratio of 9.44. The company has a 50 day moving average price of $0.57 and a 200 day moving average price of $0.81. The firm has a market cap of $66.37 million, a PE ratio of -0.66 and a beta of 0.81.

Origin Materials (NASDAQ:ORGN - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The business had revenue of $5.43 million during the quarter, compared to analysts' expectations of $29.10 million. Origin Materials had a negative return on equity of 27.44% and a negative net margin of 321.96%. Sell-side analysts expect that Origin Materials, Inc. will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Two Sigma Securities LLC purchased a new position in Origin Materials in the fourth quarter worth $34,000. StoneX Group Inc. purchased a new position in shares of Origin Materials in the fourth quarter valued at $35,000. Barclays PLC increased its position in shares of Origin Materials by 3,019,800.0% in the fourth 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 in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Origin Materials in the fourth quarter valued at $85,000. Finally, Arete Wealth Advisors LLC increased its position in shares of Origin Materials by 21.7% in the fourth quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock valued at $115,000 after buying an additional 16,050 shares in the last quarter. 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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