Origin Enterprises (LON:OGN) Shares Pass Below 200-Day Moving Average – Here’s Why

Origin Enterprises plc (LON:OGN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.09 ($0.04) and traded as low as GBX 2.72 ($0.03). Origin Enterprises shares last traded at GBX 2.77 ($0.03), with a volume of 721 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued 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 63.79, a quick ratio of 0.69 and a current ratio of 1.16. The stock has a market capitalization of £2.89 million, a price-to-earnings ratio of 7.77 and a beta of 0.72. The business’s 50 day simple moving average is GBX 2.83 and its 200-day simple moving average is GBX 3.09.

Origin Enterprises Increases Dividend

The business also recently disclosed 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. This is a boost from Origin Enterprises’s previous dividend of $0.03. This represents a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, January 23rd. Origin Enterprises’s payout ratio is currently 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.