Origin Enterprises (LON:OGN) Share Price Passes Below 200-Day Moving Average – Time to 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.

Wall Street Analyst Weigh In

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

Origin Enterprises Stock Performance

The company has a debt-to-equity ratio of 63.79, a current ratio of 1.16 and a quick ratio of 0.69. The stock has a 50 day moving average of GBX 2.88 and a two-hundred day moving average of GBX 3.11. The stock has a market capitalization of £2.85 million, a PE ratio of 7.67 and a beta of 0.72.

Origin Enterprises Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 23rd will be given a dividend of €0.14 ($0.14) per share. This represents a yield of 3.96%. This is an increase from Origin Enterprises’s previous dividend of $0.03. The ex-dividend date is Thursday, January 23rd. Origin Enterprises’s payout ratio is presently 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.