Origin Enterprises (LON:OGN) Stock Price Up 1.7% – Here’s What Happened

Origin Enterprises plc (LON:OGN)’s share price shot up 1.7% during mid-day trading on Monday . The stock traded as high as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). 333,469 shares changed hands during mid-day trading, an increase of 1,832% from the average session volume of 17,256 shares. The stock had previously closed at GBX 2.95 ($0.04).

Wall Street Analysts Forecast Growth

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

Origin Enterprises Price Performance

The company has a debt-to-equity ratio of 63.79, a quick ratio of 0.69 and a current ratio of 1.16. The company has a market cap of £3.09 million, a P/E ratio of 8.33 and a beta of 0.72. The firm’s fifty day moving average is GBX 3.13 and its two-hundred day moving average is GBX 3.19.

Origin Enterprises Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 23rd will be paid a €0.14 ($0.14) dividend. This is a positive change from Origin Enterprises’s previous dividend of $0.03. The ex-dividend date is Thursday, January 23rd. This represents a dividend yield of 3.96%. Origin Enterprises’s dividend payout ratio is 4,857.14%.

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.