Origin Materials (NASDAQ:ORGN) Share Price Crosses Below 200-Day Moving Average of $1.31

Origin Materials, Inc. (NASDAQ:ORGNGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.31 and traded as low as $0.50. Origin Materials shares last traded at $0.52, with a volume of 1,870,987 shares changing hands.

Origin Materials Stock Performance

The company has a market capitalization of $75.34 million, a PE ratio of 1.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.45 and a current ratio of 12.50. The business’s 50-day moving average is $0.72 and its 200-day moving average is $1.31.

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

Insider Activity at Origin Materials

In other Origin Materials news, CEO John Bissell sold 40,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $0.78, for a total value of $31,200.00. Following the sale, the chief executive officer now directly owns 1,173,828 shares of the company’s stock, valued at $915,585.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 79,400 shares of company stock valued at $64,823 in the last 90 days. Corporate insiders own 17.49% of the company’s stock.

Institutional Trading of Origin Materials

A number of institutional investors have recently made changes to their positions in ORGN. Public Employees Retirement System of Ohio purchased a new stake in Origin Materials during the 3rd quarter valued at $81,000. Vanguard Group Inc. lifted its holdings in Origin Materials by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,941,183 shares of the financial services provider’s stock valued at $7,605,000 after acquiring an additional 112,121 shares during the period. American Century Companies Inc. boosted its position in Origin Materials by 31.6% in the third quarter. American Century Companies Inc. now owns 69,188 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 16,626 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Origin Materials by 88.4% during the 3rd quarter. Deutsche Bank AG now owns 192,264 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 90,230 shares during the period. Finally, Graham Capital Management L.P. increased its position in shares of Origin Materials by 222.3% during the 3rd quarter. Graham Capital Management L.P. now owns 49,375 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 34,057 shares during the last quarter. Hedge funds and other institutional investors own 28.37% of the company’s stock.

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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