Orica (ASX:ORI) Shares Pass Below 50 Day Moving Average of $20.60

Orica Ltd (ASX:ORI)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.60 and traded as low as $20.17. Orica shares last traded at $20.25, with a volume of 1,285,603 shares traded.

The company has a debt-to-equity ratio of 77.79, a current ratio of 1.32 and a quick ratio of 0.83. The firm has a market cap of $7.69 billion and a P/E ratio of 35.97. The stock has a 50 day moving average price of A$20.59.

The firm also recently declared a Interim dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, July 1st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 1.13%. Orica’s dividend payout ratio (DPR) is presently 78.15%.

Orica Company Profile (ASX:ORI)

Orica Limited manufactures and sells commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets in Australia and internationally. The company offers bulk systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets.

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