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

Origin Enterprises plc (LON:OGN)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Origin Enterprises Price Performance

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 £281.71 million, a P/E ratio of 7.71 and a beta of 0.72. The firm has a 50-day moving average price of GBX 2.80 and a 200 day moving average price of GBX 3.08.

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 given a dividend of €0.14 ($0.14) per share. The ex-dividend date of this dividend was Thursday, January 23rd. This is a positive change from Origin Enterprises’s previous dividend of $0.03. This represents a dividend 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.