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

Origin Agritech Limited (NASDAQ:SEED)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.30 and traded as high as $1.35. Origin Agritech shares last traded at $1.14, with a volume of 521,208 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Agritech in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Origin Agritech Stock Performance

The company’s 50-day moving average is $1.15 and its 200 day moving average is $1.30.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new position in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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 filing with the Securities and Exchange Commission. 1.70% of the stock is currently owned by institutional investors and hedge funds.

Origin Agritech Company Profile

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.