Origin Agritech (NASDAQ:SEED) Shares Cross Above 200-Day Moving Average of $2.57

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 $2.57 and traded as high as $3.39. Origin Agritech shares last traded at $3.38, with a volume of 15,517 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Origin Agritech in a research note on Monday, April 1st. They issued a “hold” rating for the company.

Origin Agritech Trading Up 4.0 %

The company has a 50-day moving average of $2.86 and a 200-day moving average of $2.57.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its holdings in Origin Agritech by 5,760.0% during the first quarter. UBS Group AG now owns 5,860 shares of the biotechnology company’s stock worth $35,000 after acquiring an additional 5,760 shares during the period. Bank of America Corp DE lifted its holdings in Origin Agritech by 26.3% during the first quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock worth $67,000 after acquiring an additional 1,681 shares during the period. Virtu Financial LLC bought a new stake in Origin Agritech during the fourth quarter worth $79,000. Oppenheimer & Co. Inc. bought a new stake in Origin Agritech during the fourth quarter worth $29,000. Finally, Citadel Advisors LLC bought a new stake in Origin Agritech during the second quarter worth $118,000. Hedge funds and other institutional investors own 1.70% of the company’s stock.

About Origin Agritech

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.