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

Ossen Innovation Co Ltd (NASDAQ:OSN)’s stock 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 downgraded Ossen Innovation from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The business has a fifty day moving average of $3.45 and a 200-day moving average of $2.91.

A hedge fund recently bought a new stake in Ossen Innovation stock. Citadel Advisors LLC bought a new position in shares of Ossen Innovation Co Ltd (NASDAQ:OSN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,268 shares of the construction company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned 0.22% of Ossen Innovation as of its most recent filing with the Securities and Exchange Commission. 1.05% of the stock is currently owned by hedge funds and other institutional investors.

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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