Origin Enterprises (LON:OGN) Shares Pass Below 200 Day Moving Average - What's Next?

Origin Enterprises plc (LON:OGN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.05 ($0.04) and traded as low as GBX 2.95 ($0.04). Origin Enterprises shares last traded at GBX 2.98 ($0.04), with a volume of 500 shares trading hands.

Analysts Set New Price Targets

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

Origin Enterprises Trading Up 0.8 %

The stock has a 50 day simple moving average of GBX 2.77 and a 200-day simple moving average of GBX 3.05. The firm has a market capitalization of £314.12 million, a P/E ratio of 8.60 and a beta of 0.72. The company has a current ratio of 1.16, a quick ratio of 0.69 and a debt-to-equity ratio of 63.65.

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 paid a dividend of €0.14 ($0.15) per share. This is an increase from Origin Enterprises's previous dividend of $0.03. This represents a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, January 23rd. Origin Enterprises's 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.