Ossen Innovation (NASDAQ:OSN) Stock Price Crosses Above Two Hundred Day Moving Average of $2.91

Shares of Ossen Innovation Co Ltd (NASDAQ:OSN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.91 and traded as high as $3.25. Ossen Innovation shares last traded at $3.20, with a volume of 6,127 shares trading hands.

Separately, ValuEngine cut Ossen Innovation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

The firm has a fifty day moving average price of $3.45 and a two-hundred day moving average price of $2.91.

An institutional investor recently bought a new position in Ossen Innovation stock. Citadel Advisors LLC purchased a new stake in shares of Ossen Innovation Co Ltd (NASDAQ:OSN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,268 shares of the construction company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned 0.22% of Ossen Innovation at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.05% 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.

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