Origin Enterprises (LON:OGN) Stock Price Crosses Below Two Hundred Day Moving Average of $4.10

Posted by Renee Jackson on May 26th, 2023

Origin Enterprises plc (LON:OGN – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.10 ($0.05) and traded as low as GBX 3.69 ($0.05). Origin Enterprises shares last traded at GBX 3.85 ($0.05), with a volume of 0 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Canaccord Genuity Group assumed coverage on Origin Enterprises in a research report on Monday, May 15th. They issued a “buy” rating and a GBX 490 ($6.09) price objective for the company. Shore Capital reaffirmed a “buy” rating on shares of Origin Enterprises in a research report on Wednesday, March 15th.

Origin Enterprises Stock Performance

The company has a market capitalization of £4.15 million, a price-to-earnings ratio of 5.95 and a beta of 0.69. The stock has a 50-day moving average price of GBX 3.98 and a 200-day moving average price of GBX 4.10. The company has a debt-to-equity ratio of 70.09, a current ratio of 1.20 and a quick ratio of 0.69.

Origin Enterprises Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, June 1st will be given a €0.03 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.74%. Origin Enterprises’s payout ratio is 2,539.68%.

About Origin Enterprises

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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.