Ossen Innovation Co Ltd (NASDAQ:OSN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.53 and traded as high as $3.00. Ossen Innovation shares last traded at $2.78, with a volume of 83,900 shares traded.
Separately, ValuEngine upgraded Ossen Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd.
The stock has a fifty day moving average of $2.30 and a 200-day moving average of $2.53. The company has a quick ratio of 3.81, a current ratio of 4.18 and a debt-to-equity ratio of 0.05.
A hedge fund recently raised its stake in Ossen Innovation stock. Renaissance Technologies LLC boosted its position in Ossen Innovation Co Ltd (NASDAQ:OSN) by 142.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,207 shares of the construction company’s stock after acquiring an additional 59,401 shares during the period. Renaissance Technologies LLC owned 1.53% of Ossen Innovation worth $312,000 at the end of the most recent quarter. Institutional investors own 1.62% of the company’s stock.
Ossen Innovation Company Profile (NASDAQ:OSN)
Ossen Innovation Co, Ltd. engages in the design, manufacture, and sale of pre-stressed steel materials. Its products include plain surface steel wires and strands, and earth coated and zinc-coated pre-stressed steel materials. The company was founded in 2004 and is headquartered in Shanghai, China.