Origin Agritech (NASDAQ:SEED) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Origin Agritech Limited (NASDAQ:SEED) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.26 and traded as high as $1.3399. Origin Agritech shares last traded at $1.31, with a volume of 12,841 shares changing hands.

Wall Street Analysts Forecast Growth

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

Origin Agritech Price Performance

The stock has a fifty day moving average price of $1.29 and a two-hundred day moving average price of $1.26.

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) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech as of its most recent filing with the Securities & Exchange Commission. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.