Origin Materials (NASDAQ:ORGN) Downgraded by Wall Street Zen to Strong Sell

Origin Materials (NASDAQ:ORGN - Get Free Report) was downgraded by stock analysts at Wall Street Zen to a "strong sell" rating in a research report issued on Saturday.

Origin Materials Stock Performance

NASDAQ ORGN traded up $0.04 during trading hours on Friday, hitting $0.61. The company had a trading volume of 1,050,413 shares, compared to its average volume of 1,306,924. The company has a quick ratio of 9.44, a current ratio of 9.51 and a debt-to-equity ratio of 0.01. The firm has a market cap of $90.76 million, a P/E ratio of -0.90 and a beta of 0.84. Origin Materials has a fifty-two week low of $0.40 and a fifty-two week high of $1.90. The business has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.75.

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 the consensus estimate 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 the consensus estimate of $29.10 million. Equities analysts predict that Origin Materials will post -0.6 EPS for the current year.

Institutional Investors Weigh In On Origin Materials

A number of hedge funds have recently made changes to their positions in ORGN. Virtu Financial LLC grew its holdings in Origin Materials by 66.9% in the 1st quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider's stock worth $60,000 after buying an additional 36,097 shares in the last quarter. XTX Topco Ltd acquired a new position in Origin Materials during the 1st quarter worth $101,000. Rehmann Capital Advisory Group bought a new position in shares of Origin Materials in the first quarter worth $406,000. Two Sigma Advisers LP bought a new position in shares of Origin Materials in the fourth quarter worth $85,000. Finally, Two Sigma Investments LP increased its holdings in shares of Origin Materials by 8.7% during the fourth quarter. Two Sigma Investments LP now owns 317,844 shares of the financial services provider's stock valued at $407,000 after purchasing an additional 25,412 shares during the period. 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.