Origin Enterprises (LON:OGN) Stock Crosses Below 200 Day Moving Average – Here’s Why

Origin Enterprises plc (LON:OGN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.17 ($0.04) and traded as low as GBX 2.78 ($0.03). Origin Enterprises shares last traded at GBX 2.85 ($0.04), with a volume of 0 shares traded.

Analyst Upgrades and Downgrades

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

Origin Enterprises Stock Performance

The company has a debt-to-equity ratio of 63.79, a current ratio of 1.16 and a quick ratio of 0.69. The company has a market capitalization of £2.98 million, a P/E ratio of 8.03 and a beta of 0.72. The business has a 50-day moving average of GBX 3.05 and a 200-day moving average of GBX 3.17.

Origin Enterprises Increases Dividend

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