Origin Enterprises (LON:OGN) Share Price Passes Below 200-Day Moving Average – Here’s Why

Origin Enterprises plc (LON:OGN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.08 ($0.04) and traded as low as GBX 2.67 ($0.03). Origin Enterprises shares last traded at GBX 2.67 ($0.03), with a volume of 12,016 shares trading hands.

Wall Street Analyst Weigh In

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

Origin Enterprises Price Performance

The business has a fifty day moving average of GBX 2.80 and a 200-day moving average of GBX 3.08. The firm has a market cap of £281.71 million, a PE ratio of 7.71 and a beta of 0.72. The company has a current ratio of 1.16, a quick ratio of 0.69 and a debt-to-equity ratio of 63.65.

Origin Enterprises Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 23rd were issued a dividend of €0.14 ($0.14) per share. This is a boost from Origin Enterprises’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 3.96%. Origin Enterprises’s dividend payout ratio is 4,915.53%.

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.