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

Origin Materials, Inc. (NASDAQ:ORGN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Origin Materials Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 14.55 and a quick ratio of 14.48. The stock has a market cap of $86.46 million, a price-to-earnings ratio of 3.49 and a beta of 1.16. The stock’s 50-day moving average is $0.56 and its 200 day moving average is $0.76.

Origin Materials (NASDAQ:ORGN) last issued its quarterly earnings data 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 business had revenue of $13.06 million for the quarter. As a group, analysts predict that Origin Materials, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Origin Materials

Several hedge funds and other institutional investors have recently bought and sold shares of ORGN. BlackRock Inc. boosted its holdings in shares of Origin Materials by 5.6% in the 2nd quarter. BlackRock Inc. now owns 7,785,968 shares of the financial services provider’s stock valued at $33,168,000 after purchasing an additional 410,441 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Origin Materials by 46.3% in the 1st quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider’s stock worth $39,690,000 after purchasing an additional 1,909,567 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Origin Materials by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,352,594 shares of the financial services provider’s stock worth $10,022,000 after purchasing an additional 159,307 shares during the last quarter. State Street Corp grew its position in shares of Origin Materials by 3.6% during the 2nd quarter. State Street Corp now owns 2,090,095 shares of the financial services provider’s stock valued at $8,904,000 after buying an additional 72,480 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Origin Materials by 2.6% during the 3rd quarter. Northern Trust Corp now owns 1,006,473 shares of the financial services provider’s stock valued at $1,288,000 after purchasing an additional 25,061 shares during the period. 29.91% of the stock is 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.