Ossen Innovation (NASDAQ:OSN) Stock Price Crosses Above 200-Day Moving Average of $2.91

Ossen Innovation Co Ltd (NASDAQ:OSN)’s share price crossed 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 changing hands.

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

The business’s fifty day moving average is $3.41 and its two-hundred day moving average is $2.92.

A hedge fund recently bought a new stake in Ossen Innovation stock. Citadel Advisors LLC bought a new stake in shares of Ossen Innovation Co Ltd (NASDAQ:OSN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 quarter. Institutional investors own 1.05% of the company’s stock.

About Ossen Innovation (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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