Micromidas, Inc., doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets. Micromidas, Inc. has a strategic alliance with Palantir Technologies Inc. The company was incorporated in 2008 and is based in West Sacramento, California with a facility in Sarnia, Canada.
Origin Materials Stock Down 1.3 %
Shares of NASDAQ:ORGN opened at $6.99 on Wednesday. Origin Materials has a 52 week low of $4.65 and a 52 week high of $8.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 43.25 and a current ratio of 43.25. The company's fifty day moving average is $5.80 and its 200-day moving average is $6.08. The company has a market capitalization of $994.30 million, a PE ratio of 11.27 and a beta of 0.97.
Insider Activity at Origin Materials
In related news, insider Stephen Galowitz sold 125,000 shares of Origin Materials stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $6.00, for a total value of $750,000.00. Following the completion of the transaction, the insider now directly owns 163,265 shares of the company's stock, valued at $979,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 25.20% of the stock is currently owned by company insiders.