Origin Enterprises (LON:OGN) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Shares of Origin Enterprises plc (LON:OGN - Get Free Report) 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.

Analyst Ratings Changes

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

Origin Enterprises Trading Down 2.2 %

The firm has a market cap of £280.76 million, a price-to-earnings ratio of 7.69 and a beta of 0.72. The business's 50 day moving average price is GBX 2.79 and its 200-day moving average price is GBX 3.07. The company has a debt-to-equity ratio of 63.65, a quick ratio of 0.69 and a current ratio of 1.16.

Origin Enterprises Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 23rd were given a dividend of €0.14 ($0.14) per share. This represents a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, January 23rd. This is an increase from Origin Enterprises's previous dividend of $0.03. Origin Enterprises's dividend payout ratio is currently 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.