Origin Agritech (NASDAQ:SEED) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Origin Agritech Limited (NASDAQ:SEED)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.23 and traded as high as $1.43. Origin Agritech shares last traded at $1.41, with a volume of 19,582 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Agritech in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Origin Agritech Stock Down 0.7%

The firm has a 50 day moving average price of $1.50 and a 200-day moving average price of $1.23.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new stake in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 currently owned by hedge funds and other institutional investors.

Origin Agritech Company Profile

Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People’s Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.