Origin Enterprises (LON:OGN) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Origin Enterprises plc (LON:OGN)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.22 ($0.04) and traded as low as GBX 3.20 ($0.04). Origin Enterprises shares last traded at GBX 3.20 ($0.04), with a volume of 500 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Origin Enterprises in a research report on Tuesday, September 24th.

Origin Enterprises Price Performance

The stock has a 50 day moving average of GBX 3.33 and a two-hundred day moving average of GBX 3.22. The company has a debt-to-equity ratio of 63.79, a quick ratio of 0.69 and a current ratio of 1.16. The firm has a market capitalization of £3.39 million, a P/E ratio of 9.14 and a beta of 0.72.

Origin Enterprises Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 23rd will be given a €0.14 ($0.15) dividend. This is a positive change from Origin Enterprises’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 3.96%. Origin Enterprises’s dividend payout ratio (DPR) is currently 4,857.14%.

Origin Enterprises Company Profile

Origin Enterprises plc provides agronomy services company in Ireland, the United Kingdom, Belgium, Brazil, Poland, Romania, Ukraine, and Latin America. It develops products and services to improve soil fertility, nutrient use efficiency, and crop productivity. The company provides integrated agronomy and on-farm services comprising agronomy advice, services, and inputs directly to arable, fruit, and vegetable growers; and seed, nutrients, crop protection products and digital tools.