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

Origin Materials (NASDAQ:ORGN - Get Free Report) was downgraded by equities researchers at Wall Street Zen to a "strong sell" rating in a note issued to investors on Saturday.

Origin Materials Price Performance

ORGN traded up $0.05 during trading on Friday, reaching $0.59. 856,769 shares of the stock were exchanged, compared to its average volume of 1,310,360. The business's 50 day moving average price is $0.53 and its two-hundred day moving average price is $0.76. 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 market capitalization of $88.77 million, a price-to-earnings ratio of -0.88 and a beta of 0.84. Origin Materials has a 1 year low of $0.40 and a 1 year high of $1.90.

Origin Materials (NASDAQ:ORGN - Get Free Report) last posted its 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). The firm had revenue of $5.43 million for 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%. As a group, equities research analysts anticipate that Origin Materials will post -0.6 earnings per share for the current year.

Institutional Trading of Origin Materials

Institutional investors have recently bought and sold shares of the company. StoneX Group Inc. acquired a new stake in shares of Origin Materials during the fourth quarter valued at $35,000. Arete Wealth Advisors LLC boosted its stake in shares of Origin Materials by 21.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock valued at $115,000 after acquiring an additional 16,050 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Origin Materials during the fourth quarter valued at $194,000. Renaissance Technologies LLC boosted its stake in shares of Origin Materials by 193.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,153,200 shares of the financial services provider's stock valued at $1,476,000 after acquiring an additional 760,700 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Origin Materials by 3,019,800.0% during the fourth quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 30,198 shares during the last quarter. 29.91% of the stock is currently owned by hedge funds and other institutional investors.

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.