Origin Materials (NASDAQ:ORGN) Share Price Crosses Below 200-Day Moving Average of $1.45

Origin Materials, Inc. (NASDAQ:ORGNGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.45 and traded as low as $0.59. Origin Materials shares last traded at $0.59, with a volume of 552,557 shares changing hands.

Origin Materials Stock Performance

The stock has a market cap of $85.13 million, a P/E ratio of 1.69 and a beta of 1.19. The company has a quick ratio of 12.45, a current ratio of 12.50 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $0.75 and a two-hundred day moving average price of $1.45.

Origin Materials (NASDAQ:ORGNGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $7.14 million for the quarter, compared to analysts’ expectations of $18.40 million.

Insider Buying and Selling at Origin Materials

In related news, CEO John Bissell sold 40,000 shares of Origin Materials stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $0.78, for a total value of $31,200.00. Following the completion of the transaction, the chief executive officer now owns 1,173,828 shares in the company, valued at approximately $915,585.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 79,400 shares of company stock worth $64,823. Insiders own 17.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Origin Materials by 501.4% in the third quarter. FMR LLC now owns 19,570 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 16,316 shares in the last quarter. Money Concepts Capital Corp acquired a new position in shares of Origin Materials in the 4th quarter valued at $37,000. Horizon Wealth Management LLC acquired a new position in shares of Origin Materials in the 2nd quarter valued at $43,000. Quantbot Technologies LP purchased a new position in shares of Origin Materials in the 1st quarter valued at $44,000. Finally, Stifel Financial Corp purchased a new stake in Origin Materials during the 2nd quarter worth $46,000. 28.37% of the stock is currently owned by institutional investors and hedge funds.

Origin Materials Company Profile

(Get Free Report)

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops proprietary platform technology to convert biomass or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other product intermediates.

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