Origin Agritech (NASDAQ:SEED) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Origin Agritech Limited (NASDAQ:SEED)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.24 and traded as high as $1.53. Origin Agritech shares last traded at $1.44, with a volume of 30,454 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Origin Agritech in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Origin Agritech Stock Performance

The firm has a 50-day moving average price of $1.53 and a 200-day moving average price of $1.24.

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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period. Institutional investors and hedge funds own 1.70% of the company’s stock.

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.