Origin Enterprises (LON:OGN) Share Price Passes Below 200 Day Moving Average – What’s Next?

Origin Enterprises plc (LON:OGN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.15 ($0.04) and traded as low as GBX 2.73 ($0.03). Origin Enterprises shares last traded at GBX 2.73 ($0.03), with a volume of 440 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Origin Enterprises in a research report on Thursday, November 21st.

Origin Enterprises Price Performance

The company has a current ratio of 1.16, a quick ratio of 0.69 and a debt-to-equity ratio of 63.79. The firm has a 50 day moving average price of GBX 2.97 and a 200-day moving average price of GBX 3.15. The firm has a market cap of £2.89 million, a price-to-earnings ratio of 7.77 and a beta of 0.72.

Origin Enterprises Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 23rd will be given a dividend of €0.14 ($0.14) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 3.96%. This is a boost from Origin Enterprises’s previous dividend of $0.03. Origin Enterprises’s payout ratio is presently 4,857.14%.

About Origin Enterprises

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.