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

Origin Materials, Inc. (NASDAQ:ORGN)’s share 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 Trading Down 4.1 %

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

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Origin Materials by 5.6% during the second quarter. BlackRock Inc. now owns 7,785,968 shares of the financial services provider’s stock worth $33,168,000 after buying an additional 410,441 shares during the period. Vanguard Group Inc. increased its stake in shares of Origin Materials by 46.3% during the first quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider’s stock worth $39,690,000 after buying an additional 1,909,567 shares during the period. Geode Capital Management LLC increased its stake in shares of Origin Materials by 7.3% during the second quarter. Geode Capital Management LLC now owns 2,352,594 shares of the financial services provider’s stock worth $10,022,000 after buying an additional 159,307 shares during the period. State Street Corp increased its stake in shares of Origin Materials by 3.6% during the second quarter. State Street Corp now owns 2,090,095 shares of the financial services provider’s stock worth $8,904,000 after buying an additional 72,480 shares during the period. Finally, Northern Trust Corp increased its stake in Origin Materials by 2.6% in the third 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 last quarter. Hedge funds and other institutional investors own 29.91% of the company’s stock.

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.