Origin Enterprises (LON:OGN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

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 3.13 ($0.04) and traded as low as GBX 2.72 ($0.03). Origin Enterprises shares last traded at GBX 2.79 ($0.03), with a volume of 4,406 shares changing hands.

Wall Street Analyst Weigh In

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

Origin Enterprises Trading Up 2.6 %

The company has a fifty day simple moving average of GBX 2.93 and a two-hundred day simple moving average of GBX 3.13. The company has a quick ratio of 0.69, a current ratio of 1.16 and a debt-to-equity ratio of 63.79. The stock has a market capitalization of £2.96 million, a P/E ratio of 7.97 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. Shareholders of record on Thursday, January 23rd will be given a dividend of €0.14 ($0.14) per share. The ex-dividend date 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 dividend payout ratio is 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.