Origin Materials (NASDAQ:ORGN) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.03 and traded as low as $0.60. Origin Materials shares last traded at $0.65, with a volume of 492,991 shares trading hands.

Analyst Ratings Changes

Separately, Bank of America cut shares of Origin Materials from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $2.50 to $1.50 in a report on Tuesday, January 14th.

Origin Materials Trading Down 10.6 %

The company has a 50 day moving average of $0.74 and a 200 day moving average of $1.01. The firm has a market cap of $113.21 million, a price-to-earnings ratio of -1.33 and a beta of 0.99.

Origin Materials (NASDAQ:ORGN - Get Free Report) last announced its earnings results on Thursday, March 13th. The financial services provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Origin Materials had a negative net margin of 229.52% and a negative return on equity of 21.26%. The business had revenue of $9.22 million during the quarter, compared to analysts' expectations of $9.08 million. Equities analysts forecast that Origin Materials, Inc. will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of Origin Materials during the fourth quarter worth approximately $34,000. StoneX Group Inc. acquired a new stake in Origin Materials during the fourth quarter worth approximately $35,000. Barclays PLC increased its stake in Origin Materials by 3,019,800.0% during the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock worth $39,000 after acquiring an additional 30,198 shares during the period. Capstone Wealth Management LLC acquired a new position in Origin Materials in the 4th quarter valued at $50,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Origin Materials during the 4th quarter valued at $67,000. 29.91% of the stock is 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.