Origin Enterprises (LON:OGN) Shares Cross Below 200-Day Moving Average – Should You Sell?

Origin Enterprises plc (LON:OGN)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.11 ($0.04) and traded as low as GBX 2.69 ($0.03). Origin Enterprises shares last traded at GBX 2.69 ($0.03), with a volume of 586 shares trading hands.

Wall Street Analysts Forecast Growth

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

Origin Enterprises Stock Down 1.3 %

The company has a market cap of £2.85 million, a PE ratio of 7.67 and a beta of 0.72. The business’s 50 day moving average is GBX 2.88 and its 200-day moving average is GBX 3.11. The company has a debt-to-equity ratio of 63.79, a current ratio of 1.16 and a quick ratio of 0.69.

Origin Enterprises Increases Dividend

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