Origin Enterprises (LON:OGN) Share Price Passes Below 200 Day Moving Average of $3.29

Origin Enterprises plc (LON:OGN) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.29 ($0.04) and traded as low as GBX 3.21 ($0.04). Origin Enterprises shares last traded at GBX 3.30 ($0.04), with a volume of 0 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Origin Enterprises in a research note on Wednesday, March 6th. Shore Capital reaffirmed a “buy” rating on shares of Origin Enterprises in a research note on Tuesday, April 2nd.

Origin Enterprises Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 94.70. The business’s 50 day moving average price is GBX 3.13 and its two-hundred day moving average price is GBX 3.29. The stock has a market cap of £3.57 million, a P/E ratio of 7.67 and a beta of 0.74.

Origin Enterprises Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 30th will be paid a dividend of €0.03 ($0.03) per share. This represents a yield of 1.02%. The ex-dividend date is Thursday, May 30th. Origin Enterprises’s payout ratio is currently 3,953.49%.

Insider Buying and Selling

In other Origin Enterprises news, insider Alan Ralph acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of GBX 278 ($3.43) per share, with a total value of £41,700 ($51,506.92). 0.38% of the stock is currently owned by insiders.

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.