Orica Ltd (ASX:ORI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.57 and traded as high as $22.88. Orica shares last traded at $22.76, with a volume of 1,213,848 shares trading hands.
The company has a fifty day simple moving average of A$23.61 and a two-hundred day simple moving average of A$21.57. The company has a debt-to-equity ratio of 67.20, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market capitalization of $8.66 billion and a price-to-earnings ratio of 35.45.
The firm also recently declared a final dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Orica’s previous final dividend of $0.32. This represents a yield of 1.4%. Orica’s payout ratio is 102.80%.
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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