Origin Enterprises (LON:OGN) Share Price Passes Below 200 Day Moving Average – What’s Next?

Origin Enterprises plc (LON:OGN) shares crossed 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 trading hands.

Analyst Upgrades and Downgrades

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

Origin Enterprises Trading Down 1.9 %

The firm has a market capitalization of £281.71 million, a P/E ratio of 7.71 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 1.16 and a debt-to-equity ratio of 63.65. The stock has a fifty day simple moving average of GBX 2.80 and a 200 day simple moving average of GBX 3.08.

Origin Enterprises Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 14th. Shareholders 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 represents a yield of 3.96%. This is a boost from Origin Enterprises’s previous dividend of $0.03. Origin Enterprises’s payout ratio is currently 4,915.53%.

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.