Origin Materials (NASDAQ:ORGN) Share Price 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 Stock Down 3.7 %

The firm has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.76. The company has a market capitalization of $83.38 million, a PE ratio of 3.36 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.

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

Hedge Funds Weigh In On Origin Materials

A number of institutional investors have recently added to or reduced their stakes in ORGN. Goldman Sachs Group Inc. increased its position in shares of Origin Materials by 15.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 236,028 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 31,175 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Origin Materials during the 4th quarter valued at approximately $230,000. Public Employees Retirement System of Ohio boosted its stake in shares of Origin Materials by 100.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 127,224 shares of the financial services provider’s stock valued at $106,000 after buying an additional 63,600 shares during the last quarter. Barclays PLC grew its position in shares of Origin Materials by 285.1% during the fourth quarter. Barclays PLC now owns 160,605 shares of the financial services provider’s stock worth $134,000 after buying an additional 118,898 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of 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 worth $7,605,000 after buying an additional 112,121 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

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.