Origin Agritech (NASDAQ:SEED) Stock Passes Above 200-Day Moving Average – What’s Next?

Origin Agritech Limited (NASDAQ:SEED)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.32 and traded as high as $1.36. Origin Agritech shares last traded at $1.33, with a volume of 16,595 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Origin Agritech in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Origin Agritech Trading Up 0.7%

The company has a fifty day moving average of $1.19 and a two-hundred day moving average of $1.32.

Origin Agritech (NASDAQ:SEED) last released its quarterly earnings results on Friday, January 30th. The biotechnology company reported ($0.26) earnings per share for the quarter. The company had revenue of $1.43 million during the quarter.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech at the end of the most recent quarter. 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.