Orica (ASX:ORI) Shares Cross Above 200 Day Moving Average of $21.57

Orica Ltd (ASX:ORI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.57 and traded as high as $22.88. Orica shares last traded at $22.76, with a volume of 1,213,848 shares changing hands.

The stock has a fifty day simple moving average of A$23.61 and a two-hundred day simple moving average of A$21.57. The company has a market cap of $8.66 billion and a PE ratio of 35.45. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 67.20.

The firm also recently disclosed a final dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.33 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Orica’s previous final dividend of $0.32. Orica’s payout ratio is currently 102.80%.

About Orica (ASX:ORI)

Orica Limited manufactures and sells commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets in Australia and internationally. The company offers bulk systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets.

Recommended Story: How a Strangle Strategy is different from a Straddle Strategy

Receive News & Ratings for Orica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orica and related companies with MarketBeat.com's FREE daily email newsletter.