Origin Materials (NASDAQ:ORGN) Stock Crosses Below 200-Day Moving Average of $0.76

Origin Materials, Inc. (NASDAQ:ORGN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.76 and traded as low as $0.56. Origin Materials shares last traded at $0.59, with a volume of 1,609,384 shares.

Origin Materials Price Performance

The stock’s 50-day moving average price is $0.56 and its 200 day moving average price is $0.76. The company has a quick ratio of 14.48, a current ratio of 14.55 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $83.38 million, a price-to-earnings ratio of 3.36 and a beta of 1.16.

Origin Materials (NASDAQ:ORGN) last issued its earnings results on Thursday, February 29th. The financial services provider reported ($0.09) earnings per share for the quarter. Origin Materials had a negative return on equity of 11.11% and a net margin of 82.62%. The company had revenue of $13.06 million for the quarter. Equities research analysts expect that Origin Materials, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Origin Materials

A number of hedge funds have recently modified their holdings of ORGN. Quantbot Technologies LP acquired a new stake in shares of Origin Materials during the 1st quarter worth approximately $44,000. Money Concepts Capital Corp acquired a new position in shares of Origin Materials in the 4th quarter valued at $37,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Origin Materials during the 2nd quarter worth about $52,000. Raymond James & Associates acquired a new position in Origin Materials in the first quarter valued at about $68,000. Finally, Stifel Financial Corp purchased a new position in Origin Materials during the second quarter worth about $46,000. 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.