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

Origin Agritech Limited (NASDAQ:SEED) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.30 and traded as high as $1.3229. Origin Agritech shares last traded at $1.23, with a volume of 44,056 shares traded.

Analysts Set New Price Targets

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 company presently has a consensus rating of “Sell”.

Origin Agritech Stock Down 4.7%

The business’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.30.

Institutional Trading of Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 and Exchange Commission (SEC). 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.