Ossen Innovation (NASDAQ:OSN) Stock Price Passes Above 200-Day Moving Average of $2.20

Ossen Innovation Co Ltd (NASDAQ:OSN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.20 and traded as high as $3.75. Ossen Innovation shares last traded at $3.73, with a volume of 9,235 shares traded.

The stock’s 50 day moving average is $2.95 and its 200-day moving average is $2.20.

A hedge fund recently bought a new stake in Ossen Innovation stock. Citadel Advisors LLC purchased a new stake in shares of Ossen Innovation Co Ltd (NASDAQ:OSN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,268 shares of the construction company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned approximately 0.22% of Ossen Innovation at the end of the most recent reporting period. 0.57% of the stock is owned by institutional investors and hedge funds.

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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