Origin Agritech (NASDAQ:SEED) Shares Pass Above Two Hundred Day Moving Average – What’s Next?
by Tristan Rich · The Markets DailyOrigin Agritech Limited (NASDAQ:SEED – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.31 and traded as high as $1.3750. Origin Agritech shares last traded at $1.31, with a volume of 23,054 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Agritech in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Origin Agritech has an average rating of “Sell”.
View Our Latest Analysis on Origin Agritech
Origin Agritech Trading Down 4.6%
The stock’s fifty day moving average is $1.17 and its two-hundred day moving average is $1.31.
Origin Agritech (NASDAQ:SEED – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The biotechnology company reported ($0.26) earnings per share for the quarter. The business had revenue of $1.43 million for the quarter.
Institutional Investors Weigh In On Origin Agritech
An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned approximately 0.58% of Origin Agritech as of its most recent SEC filing. 1.70% of the stock is owned by institutional investors.
About Origin Agritech
Origin Agritech (NASDAQ:SEED) is an agricultural biotechnology company focused on the research, development, production and sale of hybrid rice seeds. The company’s core business activities center on the application of molecular marker‐assisted selection and genomics to develop high‐yielding, disease‐resistant and stress‐tolerant rice varieties. Its product portfolio includes proprietary cytoplasmic male sterile (CMS) lines, hybrid parent lines and commercial seed varieties tailored to the agronomic needs of rice growers.
Origin Agritech primarily serves the major rice‐producing provinces of China, where it has established breeding stations, seed production bases and a distribution network to supply certified hybrid seeds.