Origin Materials (NASDAQ:ORGN) Stock Price Passes Below Two Hundred Day Moving Average of $0.74

Origin Materials, Inc. (NASDAQ:ORGN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.74 and traded as low as $0.66. Origin Materials shares last traded at $0.73, with a volume of 1,970,813 shares traded.

Origin Materials Price Performance

The stock has a market cap of $106.11 million, a PE ratio of 4.28 and a beta of 1.16. 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 firm’s 50 day moving average price is $0.57 and its two-hundred day moving average price is $0.74.

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

Hedge Funds Weigh In On Origin Materials

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Origin Materials by 100.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 127,224 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 63,600 shares during the period. Quadrature Capital Ltd boosted its position in shares of Origin Materials by 971.0% in the third quarter. Quadrature Capital Ltd now owns 219,352 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 198,871 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Origin Materials in the third quarter valued at approximately $129,000. Swiss National Bank boosted its position in shares of Origin Materials by 9.2% in the third quarter. Swiss National Bank now owns 252,300 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 21,300 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in shares of Origin Materials by 195.2% in the third quarter. Arete Wealth Advisors LLC now owns 74,913 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 49,538 shares during the period. 29.91% of the stock is currently owned by institutional investors.

About Origin Materials

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.