Origin Enterprises (LON:OGN) Share Price Passes Below 200 Day Moving Average of $3.29

Posted by Defense World Staff on Apr 25th, 2024

Shares of Origin Enterprises plc (LON:OGN – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.29 ($0.04) and traded as low as GBX 3.21 ($0.04). Origin Enterprises shares last traded at GBX 3.30 ($0.04), with a volume of 0 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on OGN shares. Shore Capital reaffirmed a “buy” rating on shares of Origin Enterprises in a research note on Tuesday, April 2nd. Canaccord Genuity Group reissued a “buy” rating on shares of Origin Enterprises in a research report on Wednesday, March 6th.

Get Our Latest Stock Report on Origin Enterprises

Origin Enterprises Stock Up 2.8 %

The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 94.70. The firm has a market cap of £3.57 million, a PE ratio of 7.67 and a beta of 0.74. The business’s 50-day simple moving average is GBX 3.13 and its 200 day simple moving average is GBX 3.29.

Origin Enterprises Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 30th will be issued a €0.03 ($0.03) dividend. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, May 30th. Origin Enterprises’s dividend payout ratio is currently 3,953.49%.

Insider Activity

In other news, insider Alan Ralph purchased 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of GBX 278 ($3.43) per share, for a total transaction of £41,700 ($51,506.92). Company insiders own 0.38% of the company’s stock.

About Origin Enterprises

(Get Free Report)

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.