Origin Enterprises (LON:OGN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Origin Enterprises plc (LON:OGN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.04 ($0.04) and traded as low as GBX 2.90 ($0.04). Origin Enterprises shares last traded at GBX 2.90 ($0.04), with a volume of 20,000 shares.

Wall Street Analyst Weigh In

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

Origin Enterprises Stock Down 3.3 %

The company has a debt-to-equity ratio of 63.65, a quick ratio of 0.69 and a current ratio of 1.16. The stock has a market capitalization of £312.54 million, a P/E ratio of 8.56 and a beta of 0.72. The stock’s fifty day simple moving average is GBX 2.77 and its two-hundred day simple moving average is GBX 3.04.

Origin Enterprises Increases Dividend

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