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

Origin Agritech Limited (NASDAQ:SEED) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Origin Agritech Stock Up 3.9%

The company has a 50-day moving average price of $1.19 and a 200 day moving average price of $1.32.

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

Institutional Trading of Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned about 0.58% of Origin Agritech at the end of the most recent quarter. Hedge funds and other institutional investors own 1.70% of the company’s stock.

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.