Origin Materials (NASDAQ:ORGN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Origin Materials, Inc. (NASDAQ:ORGN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.64 and traded as low as $1.06. Origin Materials shares last traded at $1.12, with a volume of 80,976 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Materials in a research report on Friday, March 27th. Wall Street Zen raised Origin Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Origin Materials Trading Up 2.8%

The company has a market capitalization of $6.16 million, a price-to-earnings ratio of -0.02 and a beta of 1.12. The company has a 50-day moving average price of $1.68 and a 200-day moving average price of $4.64. The company has a quick ratio of 2.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.09.

Origin Materials (NASDAQ:ORGN) last released its earnings results on Thursday, May 14th. The financial services provider reported ($3.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.40) by ($0.88). Origin Materials had a negative return on equity of 120.66% and a negative net margin of 1,742.04%.The firm had revenue of $0.48 million for the quarter, compared to analyst estimates of $29.10 million.

Institutional Investors Weigh In On Origin Materials

A number of institutional investors have recently added to or reduced their stakes in ORGN. Geode Capital Management LLC grew its position in Origin Materials by 13.0% during the second quarter. Geode Capital Management LLC now owns 1,705,663 shares of the financial services provider’s stock worth $824,000 after buying an additional 196,050 shares in the last quarter. Ameriprise Financial Inc. grew its position in Origin Materials by 112.2% during the second quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock worth $36,000 after buying an additional 39,856 shares in the last quarter. Osaic Holdings Inc. grew its position in Origin Materials by 21.7% during the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after buying an additional 19,950 shares in the last quarter. Vanguard Group Inc. grew its position in Origin Materials by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock worth $2,882,000 after buying an additional 220,421 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Origin Materials during the third quarter worth about $39,000. 29.91% of the stock is owned by institutional investors and hedge funds.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.